• 2022-06-05
    If there are large disparities in wage levels between countries, then
    A: trade is likely to be harmful to both countries.
    B: trade is likely to be harmful to the country with the high wages.
    C: trade is likely to be harmful to the country with the low wages.
    D: is likely to be harmful to neither country.
  • D

    内容

    • 0

      Trade between two countries can benefit both countries if() A: each country exports that good in which it has comparative advantage. B: each country enjoys superior terms of trade. C: each country has a more elastic demand for imported goods. D: each country has a more elastic supply for the exported goods.

    • 1

      Silk-horse Trade refers to the trade between China with which country? .

    • 2

      Trade between countries ( ) A: allows<br/>each country to consume at a point outside its production<br/>possibilities frontier. B: limits<br/>a country’s ability to produce goods and services on its own. C: must<br/>benefit both countries equally; otherwise, trade is not mutually<br/>beneficial. D: can<br/>best be understood by examining the countries’ absolute<br/>advantages.

    • 3

      The optimum tariff is most likely to apply to ( ). A: small tariff imposed by large country B: small tariff imposed by small country C: large tariff imposed by large country D: large tariff imposed by small country

    • 4

      Trade between two countries can benefit both countries if