If Canada has a higher wage level and higher labor productivity than Mexico, Canada will necessarily produce a good at a higher labor cost than Mexico.
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If Argentina has a comparative advantage over Brazil in beef relative to coffee, Argentian will specialize in beef production.
A. 对
B. 错
Modern trade theory recognizes that the pattern of world trade is governed by both demand conditions and supply conditions.
A. 对
B. 错
A nation achieves autarky equilibrium at the point where its community indiffernce curve is tangent to its production possibilities schedule.
A. 对
B. 错
In autarky equilibrium, a nation realizes the lowest possible level of satisfaction given the constraint of its production possibilities schedule.
A. 对
B. 错