Which of the following is NOT a reason why countries trade goods with
One another?
A) differences in technology used in different countries
B) differences in countries' total amount of resources
C) the proximity of countries to one another
D) differences in countries' languages and cultures
Correct Answer:
Verified
Q13: According to Ricardo:
A) all countries can gain
Q15: The focus of the Ricardian model is
Q16: When a firm in one nation purchases
Q18: A country's factors of production include its:
A)labor.
B)capital.
C)natural
Q19: In trade, if-due to technology-a nation can
Q22: Figure: Home Production and Consumption
Q23: Assume the MPLt = 5 tennis rackets
Q28: The Ricardian model assumes that the marginal
Q30: Production possibilities frontiers in the Ricardian model:
A)
Q39: The slope of the PPF can be
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