Differences in resource endowments are differences in

Differences in resource endowments are differences in
 a. tariffs charged by each country
  b. consumption patterns across nations
  c. production patterns across nations
  d. the quantity, but not the quality, of resources available in different nations
  e. the quality and quantity of resources available in different nations

QUESTION 2

A craft union is a union of workers in
 a. the same firm
  b. the same industry
  c. the same skilled profession
  d. different skilled professions
  e. different trades

QUESTION 3

To maximize worldwide gains from trade, the country that should produce a good is the country that
 a. has the lowest opportunity cost of producing it
  b. can produce that good using the fewest resources
  c. will produce that good using the most expensive resources
  d. has the most desire for that good
  e. has produced that good in the past

QUESTION 4

A craft union is a union composed of all the workers at a single firm.
 a. True
  b. False

QUESTION 5

The source of gains from trade is
 a. tariffs
  b. self-sufficiency
  c. autarky equilibrium
  d. absolute advantage
  e. comparative advantage