MCQs: Comparative advantage is determined by ?
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MCQs: In the classical model of Ricardo, the direction of trade is determined by ?
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MCQs: The gains from international trade are closely related to ?
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MCQs: Mercantilism ?
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MCQs: If the international terms of trade settle at a level that is between each country’s opportunity cost ?
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MCQs: The earliest statement of the principle of comparative advantage is associated with ?
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MCQs: According to the principle of comparative advantage ?
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MCQs: The opportunity cost of one DVD in South Korea is ?
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MCQs: G. MacDougall’s empirical results can be interpreted as ?
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MCQs: G. MacDougal compared export ratios and labor productivity ratios for the United States and the United Kingdom in order to test the:
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MCQs: John Stuart Mill was the founder of the ?
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MCQs: If the autarky price of S were lower in country A than in country B then if trade were allowed ?
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MCQs: In autarky equilibrium ?
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MCQs: Given free trade, small nations tend to benefit the most from trade since they ?
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MCQs: The terms of trade is given by the prices ?
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MCQs: If a country has a bowed out (concave to the origin) production possibility frontier then production is said to be subject to ?
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MCQs: If the relative price (MRT) of S were to increase, then the price line would ?
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MCQs: The Relative price (MRT)of S in terms of T i ?
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MCQs: Country A has the comparative advantage in ?
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MCQs: In autarky, the relative price of wine, in terms of beer, in country A is ?
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