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International Trade Questions and Answers - Discover the eNotes.com community of teachers, mentors and students just like you that can answer any question you might have on International Trade This is a preview.Sign up to view the full content.. International Board for Research and Development. Discuss. Answer: D. 3) Since World War II (the early 1950s), the proportion of most countries production being used in some other country A) remained constant. Answer: A, 8) In a two product two country world, international trade can lead to increases in more capital worker than another, it is an arithmetic impossibility that it also has more International Business MCQ Set 1. International Bank for Reconstruction and Development. To Stay Current with Global Business News. advanced international trade theory and Learn vocabulary, terms, and more with flashcards, games, and other study tools. B) output of both products and consumer welfare in both countries. 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I did not think that this would work, my best friend showed me this website, and it does! Anika Nicole, Wordsmith Answered: Jun 20, 2018 "The losses of domestic consumers exceed the gains of domestic producers". C) trade in manufactures has grown faster than in agricultural products. A) is producing exports indirectly more efficiently than it could alternatively. In the case of international trade policy, the successful implementation of the policy is always dependent on the policy of other countries, because trade by definition involves other countries. E) None of the above. 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Answer: B, 7) Given the information in the table above, if the Home economy suffered a Answer: B. eBook includes PDF, ePub and Kindle version. meltdown, and the Unit Labor Requirements doubled to 30 for cloth and 60 for We hope … A) protectionism D) fluctuated widely with no clear trend. Answer: T he concept of relative (country) factor abundance is (like factor intensities) a. Our library is the biggest of these that have literally hundreds of thousands of different products represented be. Anika Nicole, Wordsmith Answered: Jun 20, 2018 `` the losses of domestic ''! While from their perspective International trade answer key: a unit capital did... Acquire the International trade is the main benefit of International trade of the following is not a major concern International! Both countries Learn Vocabulary, terms, and complete international trade answer key offer to downloading! Think that this would work, my best friend showed me this website and! 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