As workforces become more educated in countries with comparative advantage in labor-intensive products,the comparative advantage for the production of those goods:
A) shifts toward other countries with more cheap labor relative to the other factors of production.
B) shifts toward other countries with less cheap labor relative to the other factors of production.
C) shifts away from countries with more cheap labor relative to other factors of production.
D) None of these is true.
Correct Answer:
Verified
Q17: When each country specializes in producing the
Q19: Both countries can benefit from trade when:
A)at
Q19: Voluntary exchanges between _ generates surplus.
A) firms
B)
Q20: If Japan has an absolute advantage over
Q21: A country with a lot of land
Q23: A country is likely to have a
Q24: In reality,trade requires:
A)governments to get together and
Q26: Over time,technology tends to:
A)spread from country to
Q27: In reality,international free trade:
A)allows everyone involved to
Q30: As workforces become more educated in countries
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