Exhibit 21-2 Production possibilities curves for U. S. and Mexico
-As shown in Exhibit 21-2,the United States has a comparative advantage over Mexico in:
A) wheat, but not in cloth.
B) cloth, but not in wheat.
C) both wheat and cloth.
D) neither wheat nor cloth
Correct Answer:
Verified
Q4: With the benefits of international trade:
A) there
Q13: Exhibit 21-1 Production possibilities curves
Q15: Exhibit 21-1 Production possibilities curves
Q17: Exhibit 21-1 Production possibilities curves
Q19: Specialization and trade allow an economy to
Q20: Exhibit 21-1 Production possibilities curves
Q26: Following the principle of comparative advantage, specialization:
A)
Q30: The theory of comparative advantage suggests that
Q125: Opening trade between two nations would
A) shift
Q126: A nation benefits from international trade if
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