According to the theory of international trade,a nation should
A) always export goods in which is has a comparative advantage.
B) always import goods in which is has an absolute advantage.
C) always export goods in which is has an absolute advantage.
D) always import goods in which is has a comparative advantage.
Correct Answer:
Verified
Q62: Assume that for Canada the opportunity cost
Q63: Q64: A tax on an imported good that Q65: Statement I: Although our trade deficit is Q66: Our merchandise trade deficit in 2009 was Q68: Brazil should Q69: We import about _% of our oil. Q70: The United States is guilty of dumping Q71: Statement I: Our trade deficit with Japan Q72:
A)specialize in the production of coffee
A)40
B)50
C)66
D)80
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