What's the basis for trade
A: Comparative advantage
B: Money
C: Labo
D: Products
A: Comparative advantage
B: Money
C: Labo
D: Products
举一反三
- 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
- What is the main economic reason of interantional trade? （ ） A: Natural resource B: Comparative advantage C: Preference D: Human resources
- ( ) determines the direction of trade and the limits to<br/>mutually beneficial trade. A: Specialization B: Absolute advantage C: Factor abundance D: Comparative advantage
- 中国大学MOOC: comparative advantage urges nations to engage in true free trade and to specialize in area where they have the highest comparative advantage.
- 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.