Which statement is an example of a practical constraint on trade?
A) Production possibilities curves exhibit increasing returns.
B) Transportation and communication costs occur with every trade.
C) Workers in every industry in the trading countries will benefit from trade.
D) Small countries may not have any absolute advantages in producing goods.
Correct Answer:
Verified
Q33: (Table) Referring to the table, we see
Q34: "A tariff should be imposed on Chinese
Q35: If the United States can produce 50
Q36: The United States and Japan both produce
Q37: The United States and Germany both produce
Q39: In Canada, the average worker can produce
Q40: According to international trade theory
A) every country
Q41: The national defense argument for imposing trade
Q42: A tariff placed on imported foreign vehicles
Q43: Economists have found that foreign trade zones
A)
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