Foundations Of Modern Trade Theory

If Hong Kong and Taiwan have identical production possibilities curves that are subject to increasing opportunity costs ?

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If Hong Kong and Taiwan have identical production possibilities curves that are subject to increasing opportunity costs ?

A. Trade would depend on difference in demand conditions
B. Trade would depend on economies of large-scale production
C. Trade would depend on the use of different currencies
D. There would be no basis for gainful trade

With International trade, what would be the maximum amount of steel that South Korea would be willing to export to Japan in exchange for each DVD ?

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With International trade, what would be the maximum amount of steel that South Korea would be willing to export to Japan in exchange for each DVD ?

A. One-half ton of steel
B. One ton of steel
C. Two tons of steel
D. Two and one-half tons of steel