Question and answer
The law of comparative advantage states that A. nations should never import goods, but only export goods. B. nations should only produce goods which they have available natural resources for.
C. a nation is better off when it produces goods and services that it has an absolute advantage in producing. D. a nation is better off when it produces goods and services that it has a comparative advantage in producing.
The law of comparative advantage states that: B. nations should only produce goods which they have available natural resources for.
Expert answered|andrewpallarca|Points 28345|
Question
Asked 12/16/2013 11:45:52 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Which of the following could be a synonym for the world 'externality'? A. cause B. example C. side-effect D. public good
Weegy: C. side-effect could be a synonym for the world 'externality'. (More)
Question
Expert Answered
Asked 12/12/2013 2:22:23 PM
0 Answers/Comments
Which of the following is an example of a negative externality? A. air pollution B. an increase in sales C. an increase in market size D. the production of a substitute
Question
Updated 12/13/2013 6:20:52 AM
1 Answer/Comment
A. Air pollution is an example of a negative externality.
Added 12/13/2013 6:20:52 AM
This answer has been added to the Weegy Knowledgebase
The two major types of transactions that affect the international flow of money are A. supply and demand. B. price and opportunity cost. C. balance of trade and cost-benefit analysis. D. trade in goods and services and capital flows.
Weegy: Answer will be letter A. Supply and demand Because transactions can impact net income and cash flow differently (More)
Question
Expert Answered
Asked 12/13/2013 10:58:46 AM
0 Answers/Comments
_________ : the use of protective tariffs to favor domestic industries. A. Embargo B. Import quota C. Protectionism D. Voluntary trade restriction
Weegy: C. protectionism User: _________ : a law that cuts off imports from, and exports to, another country. A. Tariff B. Embargo C. Import quota D. Voluntary trade restriction Weegy: D. Voluntary trade restriction User: ___________ : a government tax on imports or exports, or a rate or schedule of such taxes. A. Tariff B. Import quota C. Protectionism D. Voluntary trade restriction Weegy: A. tariff User: ________ : a trade agreement, not a law, between the U.S. and another nation. A. Quota B. Embargo C. Protectionism D. Voluntary trade restriction Weegy: D. Voluntary trade restriction: a trade agreement, not a law, between the U.S. and another nation. (More)
Question
Expert Answered
Asked 12/17/2013 1:41:23 PM
0 Answers/Comments
Which of the following is a definition of a tariff? A. a fixed amount of an item that can be imported B. a government tax on imports or exports C. protective taxes to favor domestic industries D. a trade agreement between nations
Weegy: (B. a government tax on imports or exports) is a definition of a tariff. User: A common economic argument in support of free trade states that all nations will prosper more from the exchange of goods when they are able to do so freely, without restrictions. What might be a rebuttal to this argument from someone who is an advocate of fair trade? A. Government regulation of trade in fact increases economic prosperity for all involved nations. B. Free trade does not, in fact, ensure prosperity for all. Instead, wealthy nations benefit more than less-developed nations. C. While fair trade ensures prosperity from the exchange of goods, it decreases overall output from all involved nations. D. It is actually fair trade that ensures the prosperity of all nations while advocating for no trade restrictions. Weegy: B. Free trade does not, in fact, ensure prosperity for all. Instead, wealthy nations benefit more than less-developed nations is the answer. User: The two major types of transactions that affect the international flow of money are: A. balance of payments; balance of credits B. debits; credits C. trade in goods and services; capital flows D. flows of financial capital; flows of payments User: If the United States put tariffs on all imported automobiles to help domestic car companies, which of the following would that be an example of? A. protectionism B. embargo C. voluntary trade restriction D. import quota Weegy: If the United States put tariffs on all imported automobiles to help domestic car companies, it would be an example of PROTECTIONISM. [ ] (More)
Question
Expert Answered
Asked 12/17/2013 2:07:05 PM
0 Answers/Comments
20,165,112 questions answered
Popular Conversations
After the Spanish-American War, the _______ reserved the right of the ...
Weegy: After the Spanish-American War, the Platt Amendment reserved the right of the United States to intervene in ...
3/29/2015 10:56:48 PM| 3 Answers
Discretionary spending is spending which requires governmental ...
Weegy: Discretionary spending is spending which requires governmental approval on an annual basis. TRUE. User: ...
3/29/2015 9:27:10 AM| 2 Answers
What is the equation of the line that has a slope of –2 and a ...
Weegy: The answer is B) architecture and music. User: Some nouns that end in -um are made plural by changing the –um ...
3/29/2015 10:39:54 AM| 2 Answers
Simplify (-2)-3
Weegy: - 2.75 < -3 is a false statement.
3/29/2015 6:07:55 PM| 2 Answers
Weegy Stuff
S
L
P
L
P
P
P
Points 1270 [Total 9156]| Ratings 0| Comments 1270| Invitations 0|Offline
S
1
L
Points 622 [Total 1533]| Ratings 6| Comments 562| Invitations 0|Offline
S
P
C
L
P
L
1
P
Points 498 [Total 7805]| Ratings 8| Comments 418| Invitations 0|Online
S
Points 489 [Total 994]| Ratings 10| Comments 379| Invitations 1|Offline
S
1
L
L
Points 475 [Total 7976]| Ratings 0| Comments 475| Invitations 0|Offline
S
L
Points 353 [Total 1475]| Ratings 2| Comments 333| Invitations 0|Offline
S
Points 199 [Total 567]| Ratings 3| Comments 169| Invitations 0|Offline
S
Points 145 [Total 145]| Ratings 0| Comments 145| Invitations 0|Offline
S
Points 42 [Total 158]| Ratings 4| Comments 2| Invitations 0|Offline
S
Points 35 [Total 126]| Ratings 0| Comments 35| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.