International Trade

Question 1

Question 1

Revolt · Accepted Answer

⇒ 8, eight: 30077; ⇒ 8, eight: 8, eight

Question 2

Question 2

Revolt · Accepted Answer

8, eight

Question 3

Question 30123

Revolt · Accepted Answer

⇒ 32, thirty-two, thirtytwo, thirty two: 30123; ⇒ 16, sixteen: 16, sixteen

Question 4

Question 30124

Revolt · Accepted Answer

16, sixteen

Question 5

The opportunity costs are shown in parentheses in the table.

Revolt · Accepted Answer

✔ Country A; According to opportunity costs, should specialize in petroleum.: Country A; According to opportunity costs, should specialize in seafood.: Country B

Question 6

How can the law of comparative advantage be applied to Country A and Country B?

Revolt · Accepted Answer

Country A should produce petroleum, and Country B should produce seafood.

Question 7

Country A✔ Country Bneither country

Revolt · Accepted Answer

✔ Country B

International Trade Answers

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