A. Paid for all goods exported by the home country
B. Received for all goods exported by the home country
C. Received for exports and paid for imports
D. Of primary products as opposed to manufactured products
A. constant opportunity costs
B. decreasing opportunity costs
C. first increasing and then decreasing opportunity costs
D. increasing opportunity costs
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. 00
D. 1000
A. Wine
B. Beer
C. Both wine and beer
D. Neither wine nor beer
A. 1W = 1B
B. 1W = 2B
C. 1W = 3B
D. 1W = 1/3B
A. 1/2 Y
B. 3/4 Y
C. 1 Y
D. 4/3 Y
A. A would export X to B
B. B would import Y from A
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 production between countries
B. relative differences in labor productivity between countries
C. Both (a) and (b)
D. Neither (a) nor (b)