A. Shift out in a parallel fashion
B. shift in a parallel fashion
C. become steeper
D. Become flatter
A. 2
B. 1/2
C. 500
D. 1000
A. Wine
B. Beer
C. Both wine and beer
D. Neither wine nor beer
A. 1W = 3B
B. 1W = 4 1/2B
C. 1W = 5B
D. 1W = 6B
A. Beer
B. Wine
C. Both products
D. neither products
A. A would export X to B
B. A would export Y to B
C. Neither country would want to trade
D. None of the above
A. Product X
B. Product Y
C. Neither X nor Y
D. Both X and Y
A. actual differences in labor productivity between countries
B. relative differences in labor productivity between countries
C. Both (a) and (b)
D. Neither (a) nor (b)
A. Absolute advantage
B. Comparative advantage
C. Physical advantage
D. Which way the wind blows
A. The labor theory of value
B. How much the autarky price differs from international terms of trade change
C. The fact that a country must lose from trade
D. All of the above