Which kind of state is LEAST likely to benefit from trade?
A) A state that has a comparative advantage at producing a few goods.
B) A state that has a comparative advantage at producing one good.
C) A state that has powerful business interests that produce goods that are more expensive than the global price.
D) A state that has powerful business interests that produce goods that are cheaper than the global price.
E) A state that can produce everything it wants to consume and does it more cheaply than the other alternatives.
Correct Answer:
Verified
Q3: The trade protection that the United States
Q4: Developing countries have been surprisingly receptive to
Q5: What is comparative advantage?
A)The ability of countries
Q6: Given the following exports,which of these is
Q7: All of the following are economic characteristics,or
Q9: All of the following are more likely
Q10: Which of the following is an example
Q11: Which of the following statements about trade
Q12: Which of the following would be expected
Q13: What is trade liberalization?
A)Being tolerant of exporting
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