In the absence of trade,technical progress
A) tends to increase the nation's welfare.
B) increases the nation's welfare only if it is labor-saving.
C) increases the nation's welfare only if it is capital-saving.
D) tends to decrease the nation's welfare.
Correct Answer:
Verified
Q3: Doubling L is likely to:
A)increases the relative
Q4: The Rybczynski theorem postulates that doubling L
Q4: Doubling only the amount of L available
Q5: If,at unchanged terms of trade,a nation wants
Q6: Dynamic factors in trade theory refer to
Q7: Doubling L with trade in a small
Q10: Doubling K with trade in a large
Q11: Technical progress is usually classified into all
Q12: An increase in tastes of the import
Q13: Technical progress in the nation's export commodity:
A)may
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