International agricultural trade UE Past Papers Questions.


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(3136) Question Category: True OR False

When countries specialized according to their absolute advantage total world output will decrease.

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(3137) Question Category: True OR False

According to the Ricardian model, if we trade according to absolute advantage all countries in the world are going to  gain from trade.

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(3138) Question Category: True OR False

Lower taxes improve our  competitiveness in the world market.

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(3139) Question Category: True OR False

High wages , high prices, and low competitiveness are directly related.

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UNSOLVED

(3140) Question Category: True OR False

Opportunity cost of producing  commodities in a country affects its comperative advantage.

Answer / Solution

UNSOLVED


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