Given free trade, small nations tend to benefitfrom trade compared with large nations because .
A: A.Less; Small nations enjoy terms of trade lying near the opportunity costs of themselves
B: B.Less; Small nations enjoy terms of trade lying near the opportunity costs of their large trading partners
C: More; Small nations enjoy terms of trade lying near the opportunity costs of themselves
D: D.More; Small nations enjoy terms of trade lying near the opportunity costs of their large trading partners
A: A.Less; Small nations enjoy terms of trade lying near the opportunity costs of themselves
B: B.Less; Small nations enjoy terms of trade lying near the opportunity costs of their large trading partners
C: More; Small nations enjoy terms of trade lying near the opportunity costs of themselves
D: D.More; Small nations enjoy terms of trade lying near the opportunity costs of their large trading partners
举一反三
- A trade-diverting customs union: ( ) A: increases trade among union members and with nonmember nations B: reduces trade among union members and with nonmember nations C: increases trade among members but reduces trade with non-members D: reduces trade among union members but increases it with nonmembers
- Small countries tend to have higher measures of openness than larger countries because A: their productivity is highe B: they are more reliant on international trade C: they are less reliant on international trade D: they are more diverse
- A common market A: Allows the imposition of common external trade barriers against non-members B: Represents less economic integration than a free trade area C: Does not permit free movement of goods among member nations D: Dose not allow free movement of factors of production among nations
- The terms of trade effect of a tariff refers to the fact that a small country can benefit by levying a tariff.
- The expansion of world trade implies that nations are becoming less dependent on each other for important goods and services.