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Other Fields Homework Help Economics Topic started by: msouthern on Oct 9, 2019



Title: If the opportunity costs of production for two goods is different between two countries, then
Post by: msouthern on Oct 9, 2019

Question 1.

Today, ________ of shoes sold in the United States are made overseas.



almost 75 percent



about 25 percent



99 percent



just over half



Question 2.

If the opportunity costs of production for two goods is different between two countries, then



mutually beneficial trade is possible.



trade will only benefit both countries if one can lower its opportunity costs.



only one country can be made better off by trade.



trade cannot benefit either country.



Title: If the opportunity costs of production for two goods is different between two countries, then
Post by: shawntage on Oct 9, 2019
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Title: If the opportunity costs of production for two goods is different between two countries, then
Post by: msouthern on Oct 9, 2019
Thanks