A: allows
each country to consume at a point outside its production
possibilities frontier.
B: limits
a country’s ability to produce goods and services on its own.
C: must
benefit both countries equally; otherwise, trade is not mutually
beneficial.
D: can
best be understood by examining the countries’ absolute
advantages.
举一反三
- 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.”
- Trade between two countries can benefit both countries if
- Trade between two countries can benefit both countries if() A: each country exports that good in which it has comparative advantage. B: each country enjoys superior terms of trade. C: each country has a more elastic demand for imported goods. D: each country has a more elastic supply for the exported goods.
- ( ) determines the direction of trade and the limits to<br/>mutually beneficial trade. A: Specialization B: Absolute advantage C: Factor abundance D: Comparative advantage
- According<br/>to the Marshall-Lerner condition, currency depreciation would have a<br/>negative effect on a country's trade balance if the elasticity of<br/>demand for its exports plus the elasticity of demand for its imports<br/>equals() A: 0.5 B: 1.0 C: 1.5 D: 2.0
内容
- 0
According<br/>to the Marshall-Lerner condition, currency depreciation has no effect<br/>on a country's trade balance if the elasticity of demand for its<br/>exports plus the elasticity of demand for its imports equals() A: 0.1 B: 0.5 C: 1.0 D: 2.0
- 1
We can’t<br/>________other countries in trade if we don’t develop our<br/>economy. A: compete for B: compete against C: catch up D: catch with
- 2
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
- 3
In<br/>the real world, we do not see full factor-price equalization. Which<br/>of the following cannot explain it? _____________ A: The<br/>majority of the factors of production cannot be traded. B: Different countries use<br/>different technologies for producing a particular good. C: Transportation costs and<br/>trade barriers D: uneven ownership of human<br/>capital
- 4
In the Linder theory of trade, a country sends goods to other countries which , and the greatest trade of a country is expected to be with countries which have per capita income levels that of the original country.