mutually beneficial trade.
A: Specialization
B: Absolute advantage
C: Factor abundance
D: Comparative advantage
举一反三
- _______explains how mutually beneficial trade can take place even when one nation is less efficient than another nation in the production of all commodities.（ ） A: Mercantilism B: The law of comparative advantage C: The labor theory of value D: The law of absolute advantage
- The theory of comparative advantage believes that even if a country is less efficient than another in the production of both commodities, there is still a basis for mutually beneficial trade.
- The law of comparative advantage ( ). A: explains how a country can benefit from trade even if it has absolute disadvantage in production of all commodities. B: explains how the most efficient nations can benefit from trade. C: was introduced by Adam Smith. D: is used to explain the trade between intra-industry trade.
- The H-O model extends the classical trade model by: A: explaining the basis for comparative advantage B: examining the effect of trade on factor prices C: both A and B D: neither A nor B
- Because of substantial economies of scale, the _____ theory argues that trade can increase the variety of goods available to consumers. A: absolute advantage B: technological gap C: new trade D: factor endowments
内容
- 0
Which of the the following statements is true true ? ( ) A: “Two countries can achieve gains from trade even if one of the<br/>countries has an absolute advantage in the production of all goods.” B: “Certain very talented people have a comparative advantage in<br/>everything they do.” C: “If a certain trade is good for one person, it can’t be<br/>good for the other one.” D: “If trade is good for a country, it must be good for everyone in the country.”
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What's the basis for trade A: Comparative advantage B: Money C: Labo D: Products
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According to the absolute advantage, trade occurs only when each country has an/a______ advantage over the other in producing one commodity.
- 3
17e0ab4f0f532d2.pngRefer to Figure . From the figure it is apparent that A: Uganda will experience a shortage of coffee if trade is not allowed. B: Uganda will experience a surplus of coffee if trade is not allowed. C: Uganda has a comparative advantage in producing coffee, relative to the rest of the world. D: foreign countries have a comparative advantage in producing coffee, relative to Uganda.
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What is the main economic reason of interantional trade? （ ） A: Natural resource B: Comparative advantage C: Preference D: Human resources