If Canada required only two-thirds of the resources necessary to produce each good and service compared to the amounts necessary in France:
A) Canada would sell goods to France but import nothing.
B) Canada would not find it advantageous to trade with France.
C) France would sell more to Canada than Canada would sell to France.
D) Canada would sell more to France than France would sell to Canada.
Correct Answer:
Verified
Q3: Canada's leading import in dollar terms is:
A)
Q4: The United States is Canada's major trading
Q5: Canada's exports to the United States represents
Q6: Canada's imports from Japan represent approximately what
Q7: David Ricardo was responsible for an economic
Q9: The law of comparative advantage proves that:
A)
Q10: A country can benefit from international trade
Q11: If Sheila Jones is the best doctor
Q12: The terms of trade:
A) refer to the
Q13: In the example in the text, Canada
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