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neddhelp4exam neddhelp4exam
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6 years ago
Which of the following is NOT an obstacle to increased international economic integration?
 
  A) Monopoly powers given to domestic companies of individual nations
  B) High tariff rates imposed by industrialized nations
  C) Health and safety standard requirements
  D) Labor and environmental standard requirements
  E) Income disparities among and within trading partners


Question 2 - Refer to above figure. Now, suppose that the relative price of A is actually not higher than Albania's autarkic level of 1, but quite the opposite (e.g., PA/PB = 0.5).
 
  Would Albania still be able to gain from trade? If so, where would be its production point? Given the information in this question, where is Albania's comparative advantage?
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KalaKala
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#1
6 years ago
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neddhelp4exam Author
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#2
6 years ago
Thank you Jesus, my teacher is bad at explaining
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#3
6 years ago
Praise the LORD ha ha No worries
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