The trading-triangle concept is used to indicate a nation's:
A. Exports, marginal rate of transformation, terms of trade
B. Imports, terms of trade, marginal rate of transformation
C. Marginal rate of transformation, imports, exports
D. Terms of trade, exports, imports
查看答案
Assuming Increasing cost conditions, trade between two countries would not be likely if they have:
A. Identical demand conditions but different supply conditions
B. Identical supply conditions but different demand conditions
C. Different supply conditions and different demand conditions
D. Identical demand conditions and Identical supply conditions
The earliest statement of the principle of comparative advantage is associated with:
Adam Smith
B. David Ricardo
C. Eli Heckscher
D. Bertil Ohlin
If Hong Kong,China and Taiwan,China had Identical production conditions and were subject to Increasing costs of production:
A. Trade would depend on differences in demand conditions
B. Trade would depend on economies of large-scale production
C. Trade would depend on the use of different currencies
D. There would be no basis for gainful trade
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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