In 2016, the world's largest international traders were
A) The United States, Japan and Russia.
B) China, Germany, and Japan.
C) China, the United States, and Canada.
D) The United States, Germany, and China.
Correct Answer:
Verified
Q5: International trade arises from
A) absolute advantage.
B) comparative
Q5: Comparative advantage implies that a country will
A)
Q6: When the principle of comparative advantage is
Q7: Suppose sugar is exported from a nation.
Q8: A country specializes in the production of
Q10: The fundamental force that drives international trade
Q11: The United States has a comparative advantage
Q12: With international trade, a country will export
Q14: Who benefits from imports?
A) domestic consumers
B) domestic
Q22: The United States has a comparative advantage
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