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
19,685,747 questions answered
Popular Conversations
The phase change that is the reverse of sublimation is A. ...
Weegy: Boyle's law states that the volume of a gas is inversely proportional to its pressure if the temperature and the ...
2/26/2015 2:21:23 AM| 3 Answers
whats lush
Weegy: 1+1 = 2 User: whats in a heartbeat
2/26/2015 12:22:58 PM| 3 Answers
A ratio compares two numbers by division. True User: The ratio of ...
Weegy: When ratios are used in comparing units of measure, the units should be the same. User: In writing the ratio ...
2/26/2015 1:31:50 PM| 3 Answers
Comprehension The questions below refer to the selection “Digging.” ...
Weegy: B) miners User: Comprehension The questions below refer to the selection “Digging.” The father and ...
2/26/2015 6:39:22 AM| 2 Answers
Cephalopods dwell in ___. a. ponds b. oceans c. lakes d. rivers
Weegy: While you may not have heard of the term cephalopod, you have probably heard of at least a couple of the animals ...
2/26/2015 7:17:50 AM| 2 Answers
How can one receive fundamental rights? a. born a citizen c. ...
Weegy: who are you looking for? User: abolished national origins quotas Weegy: The Hart-Celler Act abolished the ...
2/26/2015 7:54:13 AM| 2 Answers
Nearly all plants can be reproduced asexually. True False
Weegy: Nearly all plants can be reproduced asexually. This is True. User: The petals of a flower have no ...
2/26/2015 8:32:20 AM| 2 Answers
Select each quadrilateral that has opposite angles ...
Weegy: The quadrilaterals that have two pairs of parallel sides are: parallelogram, rhombus, rectangle, square. ...
2/26/2015 9:49:05 AM| 2 Answers
Weegy Stuff
S
1
L
1
L
P
P
L
P
P
P
Points 1060 [Total 16842]| Ratings 0| Comments 1060| Invitations 0|Offline
S
L
P
L
P
P
Points 1047 [Total 7822]| Ratings 0| Comments 1047| Invitations 0|Offline
S
P
C
L
P
L
1
Points 621 [Total 7301]| Ratings 4| Comments 581| Invitations 0|Offline
S
Points 572 [Total 911]| Ratings 5| Comments 522| Invitations 0|Offline
S
1
L
L
Points 421 [Total 7487]| Ratings 1| Comments 411| Invitations 0|Offline
S
Points 201 [Total 346]| Ratings 1| Comments 191| Invitations 0|Offline
S
Points 149 [Total 169]| Ratings 0| Comments 149| Invitations 0|Offline
S
Points 85 [Total 85]| Ratings 0| Comments 85| Invitations 0|Offline
S
Points 47 [Total 47]| Ratings 0| Comments 37| Invitations 1|Offline
S
1
L
1
Points 31 [Total 3441]| Ratings 3| Comments 1| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.