题目内容

If a production possibilities curve is bowed out (i.e., concave) in appearance, production occurs under conditions of:

A. Constant opportunity costs
B. Increasing opportunity costs
C. Decreasing opportunity costs
D. Zero opportunity costs

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Increasing opportunity costs suggest that:

A. Resources are not perfectly shiftable between the production of two goods
B. Resources are fully shiftable between the production of two goods
C. A country's production possibilities curve appears as a straight line
D. A country's production possibilities curve is bowed inward (i.e., convex) in appearance

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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

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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

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The earliest statement of the principle of comparative advantage is associated with:

Adam Smith
B. David Ricardo
C. Eli Heckscher
D. Bertil Ohlin

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If a production possibilities curve is bowed out (i.e., concave) in appearance, production occurs under conditions of:

A. Constant opportunity costs B. Increasing opportunity costs C. Decreasing opportunity costs D. Zero opportunity costs

Increasing opportunity costs suggest that:

The trading-triangle concept is used to indicate a nation's:

Assuming Increasing cost conditions, trade between two countries would not be likely if they have:

The earliest statement of the principle of comparative advantage is associated with:

A. Constant opportunity costs
B. Increasing opportunity costs
C. Decreasing opportunity costs
D. Zero opportunity costs