9. Through international trade, countries ___________ goods they produce most efficiently for goods other countries produce most efficiently.
举一反三
- 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.
- 中国大学MOOC: Task 2 Fill in each blank with the proper form of the words or phrases given below to complete the following passage. exportprofitprocess trade specializeconsumeexchangeopportunity participation better off We (21) when we spend money in a store, restaurant or any other place of business as a (22) . It is believed that people trade in an attempt to be (23) . The (24) of importing and (25) creates a greater variety of goods and services because it permits countries to (26) in what they do best. In this way, a country can increase production and have (27) to make more sales and (28) , which can turn into increased wages for the work force and additional investment in plants and equipment. Through international business, countries (29) goods they produce the most efficiently for goods made in other countries. The more consumers there are on the market, the greater the ability of each country to excel in its own area of expertise. In short, international business is a win-win situation for all countries that (30) .
- Adam Smith believes that a country should produce only goods with which it is least efficient, and trade for those goods with which it is most efficient.
- 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
- International trade in goods is likely to be affected by the foreign trade policy,( ) and foreign exchange control of the countries concerned.