Table 3-3
-Refer to Table 3-3.If the US and Europe trade according to the principle of comparative advantage, Europe will export what product to the US?
A) cars
B) both aeroplanes and cars
C) aeroplanes
D) Europe should buy both products from the US
Correct Answer:
Verified
Q86: Table 3-3 Q87: Table 3-3 Q88: Graph 3-2 Q89: Table 3-3 Q90: Table 3-3 Q92: Table 3-3 Q93: Trade is based on: Q94: Comparative advantage is based on: Q95: Table 3-3 Q96: Trade can benefit society as a whole Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)absolute advantage
B)comparative advantage
C)trade subsidies
D)international
A)capital costs
B)labour costs
C)dollar