17) The share of agricultural products in total world trade, A multiple-choice question with one possible answer. 1.0 remained constant since the second world war. 2. fluctuated widely with no clear trend since the second world war. 3. O decreased since the second world war. 4. O increased slightly before dropping off since the second world war. 5. O increased since the second world war.

17) The share of agricultural products in total world trade, A multiple-choice question with one possible answer. 1.0 remained constant since the second world war. 2. fluctuated widely with no clear trend since the second world war. 3. O decreased since the second world war. 4. O increased slightly before dropping off since the second world war. 5. O increased since the second world war.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter33: International Trade

Section: Chapter Questions

Problem 19CTQ: Look at Exercise 33.2. Compute the opportunity costs of producing sweaters and wine in both France...

See similar textbooks

Similar questions

11 A trader has an absolute advantage in orange production if his unit-labor requirement in oranges is _____ and his labor productivity is _____ A. lower; higher B. higher; lower C. lower; lower D. higher; higher E. moderate; moderate
12. An exchange of goods or services with people and businesses in your own country. Question 12 options: Franchising opportunity International Trade Bilateral Agreement Domestic Trade
Country JKL has a maximum of 50 labour(hours). The tab shows maximum quantity of wheat and cotton the Country produce with different labour (hours) used. Combination A B C D E F Corn 15 14 12 9 5 0 Wheat 0 2 4 6 8 10 A) If Country JKL produces 8,000 kg of wheat and 5,000 kg cotton a week, does it face trade-off? Why? B) Suppose Country JKL has successfully brought in an adv technology that improves the production of cotton by 20% from its original combinations. Sketch a diagram that shows the changes of the PPC for Country JKL
Palawan is an ideal place when it comes to Government Policy for the protection of the natural resources. A major project from the United States of the construction of highways, bridges, ports; installation of a hybrid network sites, and solar panels will be initiated, provided, the Philippines enters into an international agreement with the U.S. on the construction of an international trading hub in the northern part of Palawan. 1. In case the Philippine government agrees and conform by the Senate. How will the international trading improve the per capita income of the people? 2. How is the income relevant to buying power of Peso?
Required information Rome 40 bread Cathay 20 bread (0)/(0) (20" figs ")/(40" figs ") If each country is self-sufficient (no trade) and each allocates one half of its resources to producing Multiple Choice 40 bread and 20 figs in Rome and 20 bread and 40 figs in Cathay. 40 bread and 0 figs in Rome and 20 bread and 0 figs in Cathay. 0 bread and 20 figs in Rome and 0 bread and 40 figs in Cathay. 20 bread and 10 figs in Rome and 10 bread and 20 figs in Cathay. Search
19. If production of specific goods exhibit the opportunity for economies of scale (Oil for example), then: A. the countries producing these goods gain from trade while other countries are worse off. B. the countries producing these goods lose from trade while other countries are better off. C. all countries gain from trade but those not producing the goods with economies of scale gain more. D. all countries gain from trade but those producing the goods with economies of scale gain more. Please give correct step by step answer with proper explanation of each option given within 40 50 minutes . Thank you
What factors does Paul Krugman identity that supported expanding international trade in the 1800s?
Look at Exercise 33.2. Compute the opportunity costs of producing sweaters and wine in both France and Tunisia. Who has the lowest opportunity cost of producing sweaters and who has the lowest opportunity cost of producing wine? Explain what it means to have a lower opportunity cost.
1.Which of the following resources is the most rival? A- A music concert at a city park. B-A full moon. C-An interstate highway D-A zoo. E-The labor of a hair stylist 2.Which of the following is considered a basic economic question? A-What are the most advantageous terms of trade? B-When does marginal cost equal marginal benefit? C-Which economy enjoys a lower opportunity cost for this good? D-What is essential knowledge to pass on to the next generation? E-What goods and services should be produced?
8. Assume a no trade situation of a country, such as Country X, with an abundance of labor and scarce natural resources. With trade the domestic income distribution of the said country will favor:a. Natural resourcesb. Laborc. Both labor and landd. Neither labor nor land
Multiple-Choice Questions 1. If a nation has an absolute advantage in the production of a good, a. b. C. d. e. 2. If a nation has a comparative advantage in the production of a good, it can produce that good at a lower opportunity cost than its trading partner. it can produce that good using fewer resources than its trading partner. it can benefit by restricting imports of that good. it will specialize in the production of that good and export it. none of the above is true. a. b. it can produce that good at a lower opportunity cost than its trading partner. it can produce that good using fewer resources than its trading partner. it can benefit by restricting imports of that good. C. d. it must be the only country with the ability to produce that good. none of the above is true. e. 3. Which of the following statements about trade is true? a. Unrestricted international trade benefits every person in a country equally. b. People that are skilled at all activities cannot benefit from…
4 describe and discuss the busines customs and practices that exist in USA. The following questions are typically important in such a discussion - What role do ethics, corruption, and respect of law play? How are environmental concems and human rights issues addressed? NON - plagarised