Which one of the following is FALSE?
A) The end result of trade is that richer countries take advantage of poorer ones.
B) Trade of goods facilitates the exchange of intellectual property as well.
C) Countries that engage in trade will end up specializing according to their own comparative advantage.
D) A country enjoys an absolute advantage if it can produce a good with fewer resources than any other country can.
Correct Answer:
Verified
Q34: Suppose an industry receives protection from the
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Q37: Which one of the following is FALSE?
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Q38: Which one of the following is FALSE?
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Q40: Which one of the following is FALSE?
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Q41: Which one of the following is FALSE?
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Q42: Which one of the following is TRUE?
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Q43: An infant industry is one in which
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Q44: Table 16.6
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