In Autarchy a nations PPC also shows its

Related MCQs

• The absolute slope of a concave PPC is given by
• That identical godos should cost the same in all nations, assuming tis costless to ship godos between nations and there are no barriers to trade, is a reflection of the:
• The curve that shows howmuch of its import commodity a nation requires in exchange for various quantities of its export commodity is
• If a nations terms of trade is ½ its trade partners terms of trade is
• A customs union that allows for the free movement of labor and capital among its member nations is called a:
• The H O theory postulates that as a result of trade the differences in factor prices between nations
• The trade theory that states that nations should accumulate financial wealth, usually in the form of gold, by encouraging exports and discouraging imports is called
• “An Enquiry in to the nature and causes of Wealth of Nations” is written by
• Adam Smith identified the basic reason for trade between two nations as
• A primary reason why nations conduct international trade is because: