16. a. b. C. d. a. b. C. d. 18. a. b. C. d. 19. a....

Transcribed Image Text:

16. a. b. C. d. a. b. C. d. 18. a. b. C. d. 19. a. b. C. d. A primary reason why nations conduct international trade is because most goods and services are cheaper abroad. they can acquire the resources needed for domestic production. a global economy helps bring production and consumption together. certain goods and services can be obtained more economically through trade. With globalization and import competition, Canadian prices generally increase. decrease. remain stable. fluctuate wildly. Which of the following is a fallacy of international trade? Trade is a zero-sum activity. Exports increase employment in exporting industries. Import restrictions increase employment in import-competing industries. Tariffs and quotas reduce trade. If Spain's weather is better for growing wine grapes than Denmark's, it can be said that Spain has a(n) absolute advantage in the production of wine. comparative advantage in the production of wine. lower marginal rate of transformation for wine. lower opportunity cost of producing wine. 16. a. b. C. d. a. b. C. d. 18. a. b. C. d. 19. a. b. C. d. A primary reason why nations conduct international trade is because most goods and services are cheaper abroad. they can acquire the resources needed for domestic production. a global economy helps bring production and consumption together. certain goods and services can be obtained more economically through trade. With globalization and import competition, Canadian prices generally increase. decrease. remain stable. fluctuate wildly. Which of the following is a fallacy of international trade? Trade is a zero-sum activity. Exports increase employment in exporting industries. Import restrictions increase employment in import-competing industries. Tariffs and quotas reduce trade. If Spain's weather is better for growing wine grapes than Denmark's, it can be said that Spain has a(n) absolute advantage in the production of wine. comparative advantage in the production of wine. lower marginal rate of transformation for wine. lower opportunity cost of producing wine.

Answer rating: 100% (QA)

16Option D is correct International trade offers some advantages to a nation By exploiting its compa... View the full answer