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
18,799,028 questions answered
Popular Conversations
definition of absurdity
12/20/2014 12:13:09 AM| 1 Answers
If your supervisor criticizes the way you handled a certain ...
Weegy: A. clarify how your way of handling it was best. User: You can perform your job well only if you A. ...
12/20/2014 12:00:56 AM| 1 Answers
Personal pronouns take different forms depending on whether they’re ...
Weegy: When we want to show that something belongs to somebody or something, we usually add 's to a singular noun and ...
12/20/2014 12:24:16 AM| 1 Answers
Subjects in sentences refer either to nouns or to A. adverbs. ...
Weegy: An adjective can come before or after a noun or pronoun in a sentence.
12/20/2014 12:23:55 AM| 1 Answers
Weegy Stuff
S
L
P
Points 1116 [Total 4960]| Ratings 0| Comments 1116| Invitations 0|Offline
S
L
Points 730 [Total 1421]| Ratings 1| Comments 720| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 691 [Total 14876]| Ratings 1| Comments 681| Invitations 0|Offline
S
Points 681 [Total 681]| Ratings 1| Comments 671| Invitations 0|Offline
S
P
C
L
P
L
1
Points 117 [Total 6436]| Ratings 1| Comments 107| Invitations 0|Offline
S
L
Points 74 [Total 1534]| Ratings 1| Comments 64| Invitations 0|Online
S
1
L
L
Points 33 [Total 6700]| Ratings 0| Comments 33| Invitations 0|Offline
S
Points 30 [Total 30]| Ratings 0| Comments 0| Invitations 3|Offline
S
Points 23 [Total 29]| Ratings 0| Comments 23| Invitations 0|Offline
S
Points 22 [Total 22]| Ratings 0| Comments 2| Invitations 2|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.