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

msouthern

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

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.

Textbook

InMicro

Edition: 1^st

Authors: Hubbard, O'Brien

Read 95 times

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shawntage

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More solutions for this book are available here

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msouthern Author

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Thanks

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