International agricultural trade UE Past Papers Questions.
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(3120) Question Category: True OR False For beneficial trade a country will export goods in which it has a comparative advantage. Answer / Solution UNSOLVED |
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(3121) Question Category: True OR False Depreciation of domestic currency leads to low prices for exported commodities and thus expansion in exporting sector. Answer / Solution UNSOLVED |
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(3122) Question Category: True OR False Depreciation of domestic currency leads to lower prices for imported goods. Answer / Solution UNSOLVED |
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(3123) Question Category: True OR False Some countries fixed/control their exchange rates and cost of their factors of production, e.g having a minimum wage . Therefore it is not possible to trade according to comparative advantage. Answer / Solution UNSOLVED |
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(3135) Question Category: True OR False Nations will have a comparative advantage in those goods and services that intensively use the nation`s abundant factor of production because the opportunity cost of abundant factor is high. Answer / Solution UNSOLVED |
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