According to Ricardo’s theory of comparative advantage, it makes sense for a county to ___________ in the production of those goods that produces most efficiently and to buy the goods that it produces less efficiently from other countries, even if this means buying goods from other countries that it could produce ___________ efficiently itself.
举一反三
- 9. Through international trade, countries ___________ goods they produce most efficiently for goods other countries produce most efficiently.
- The Heckscher-Ohlin theory argues that comparative advantage arises from differences in national ___________ endowments. It predicts that countries will ____________ those goods that make intensive use of factors that are locally abundant, while importing goods that make intensive use of factors that are locally scarce.
- If country A has a comparative advantage in producing shoes, then________________________.（ ）. A: other countries will never produce shoes if trade is allowed B: it can produce shoes at lower opportunity costs than other countries can C: it has more factors of production used in the production of shoes relative to other countries D: it can produce shoes using more resources than other countries can
- A a state-owned corporation is a corporate organization that owns or controls production of goods or services in two or more countries other than their home country.
- Nations will usually produce and export those goods in which they have the greatest comparative advantage, and import those items in which they have the least comparative advantage.