Goods Grapes Textiles Spain 8. France 15 Note: figures are hours of labor per unit of...
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Goods Grapes Textiles Spain 8. France 15 Note: figures are hours of labor per unit of output Spain has comparative advantage in the production of textiles; D: neither grapes nor textiles). (A: grapes; B: textiles: C: both grapes an QUESTION 44 If France has a labor force of 30,000 hours of labor, after trade begins, it will produce grapes; B: 6000 units of textiles; C: 2000 units of grapes and 6000 units of textiles; D: 200 units of grapes and 400 units of textiles. (A: 2000 units of QUESTION 45 France will gain from trade as long as the international price of grapes measured in terms of textiles is below (A 15; B: 3: C: 5: D: 8) QUESTION 46 will experience higher. (AMRT: B: MRS: When trade opens between two countries, the country with higher C benefit: D: income), QUESTION 47 A 20, B 20 CO D: 100: E-100) Country A imports $60 in shirts and exports $40 in shirts, its trade balance is Goods Grapes Textiles Spain 8. France 15 Note: figures are hours of labor per unit of output Spain has comparative advantage in the production of textiles; D: neither grapes nor textiles). (A: grapes; B: textiles: C: both grapes an QUESTION 44 If France has a labor force of 30,000 hours of labor, after trade begins, it will produce grapes; B: 6000 units of textiles; C: 2000 units of grapes and 6000 units of textiles; D: 200 units of grapes and 400 units of textiles. (A: 2000 units of QUESTION 45 France will gain from trade as long as the international price of grapes measured in terms of textiles is below (A 15; B: 3: C: 5: D: 8) QUESTION 46 will experience higher. (AMRT: B: MRS: When trade opens between two countries, the country with higher C benefit: D: income), QUESTION 47 A 20, B 20 CO D: 100: E-100) Country A imports $60 in shirts and exports $40 in shirts, its trade balance is
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Related Book For
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
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