题目内容

If the international terms of trade settle at a level that is between each country's opportunity cost:

A. There is no basis for gainful trade for either country
Both countries gain from trade
C. Only one country gains from trade
D. One country gains and the other country loses form trade

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International trade is based on the notion that:

A. Different currencies are an obstacle to International trade
B. Goods are more mobile Internationally than are resources
C. Resources are more mobile Internationally than are goods
D. A country's exports should always exceed its imports

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When a nation achieves autarky equilibrium:

A. Input price equals final product price
B. Labor productivity equals the wage rate
C. Imports equal exports
D. Production equals consumption

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When a nation is in autarky and maximizes its living standard, its consumption and production points are:

Along the production possibilities schedule
B. Above the production possibilities schedule
C. Beneath the production possibilities schedule
D. Any of the above

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If Canada experiences increasing opportunity costs, its supply schedule of steel will be:

A. Downward-sloping
B. Upward-sloping
C. Horizontal
D. Vertical

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If the international terms of trade settle at a level that is between each country's opportunity cost:

A. There is no basis for gainful trade for either country Both countries gain from trade C. Only one country gains from trade D. One country gains and the other country loses form trade

International trade is based on the notion that:

When a nation achieves autarky equilibrium:

When a nation is in autarky and maximizes its living standard, its consumption and production points are:

If Canada experiences increasing opportunity costs, its supply schedule of steel will be:

A. There is no basis for gainful trade for either country
Both countries gain from trade
C. Only one country gains from trade
D. One country gains and the other country loses form trade