× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
123kduncan 123kduncan
wrote...
Go to Answer
6 years ago
If two countries agree to specialize and trade based on comparative advantage, which of the following is most likely to be TRUE?
 
  A) Both of the countries will consume outside their respective production possibilities curves.
  B) One of the countries will end up receiving all of the gains from trade.
  C) One of the countries will both consume and produce on its production possibilities curve.
  D) Only one of the countries will produce on and consume outside its production possibilities curve.


Question 2 - If a customs union leads to a large amount of trade diversion relative to trade creation, it may be beneficial to world welfare.
 
  Indicate whether the statement is true or false
Read 64 times
1 Reply
Replies
Answer verified by a subject expert
yagmurcagatayyagmurcagatay
wrote...
#1
Posts: 374
Rep: 3 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

my2redeyes
wrote...

6 years ago
This helped my grade so much Perfect
veronee_madison
wrote...

Yesterday
Helped a lot
Morgan-C
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1081 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 179
  
 637
  
 1052
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 431
Previous poll results: Which of the following is the best resource to supplement your studies: