A nation benefits from international trade if it:
A. exports more than it imports.
B. imports more than it exports.
C. imports goods for which it is a low opportunity cost producer.
D. exports goods for which it is a low opportunity cost producer.
Answer: D
You might also like to view...
The efficient markets hypothesis predicts that stock prices follow a "random walk." The implication of this hypothesis for investing in stocks is
A) a "churning strategy" of buying and selling often to catch market swings. B) turning over your stock portfolio each month, selecting stocks by throwing darts at the stock page. C) a "buy and hold strategy" of holding stocks to avoid brokerage commissions. D) following the advice of technical analysts.
In-kind benefits are a way of correcting
A. Natural monopoly. B. Market power. C. Inequity. D. Government failure.
How are intermediate goods treated in the calculation of GDP?
A) Their value is not counted separately, but included as part of the value of the final good for which they are an input. B) Their value is counted separately, and their value is also included as part of the value of the final good for which they are an input. C) Their value is counted separately, but is not included as part of the value of the final good for which they are an input. D) They are included only if they are imported.
Since 1997, the labor force participation rate for women in the United States has
A) decreased more than 20 percent. B) increased more than 10 percent. C) remained virtually constant. D) equaled the participation rate for men.