International trade is based on the notion that
A) different currencies are an obstacle to international trade.
B) goods are more mobile internationally than are resources.
C) resources are more mobile internationally than are goods.
D) a country's exports should always exceed its imports.
Correct Answer:
Verified
Q1: If the international terms of trade settles
Q2: Unlike the mercantilists, Adam Smith maintained that
A)
Q4: Increasing opportunity costs suggest that
A) resources are
Q5: The trading-triangle concept is used to indicate
Q6: The mercantilists would have objected to
A) export
Q7: The trading principle formulated by Adam Smith
Q8: The earliest theorist to discuss the principle
Q9: Unlike Adam Smith, David Ricardo's trading principle
Q10: According to the principle of comparative advantage,
Q11: Figure 2.1. Production Possibilities Frontier 
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