International Trade

Question 1

Which option best explains why countries trade with each other?

Revolt · Accepted Answer

to obtain goods they cannot produce efficiently

Question 2

Question 2

Revolt · Accepted Answer

8, eight

Question 3

The opportunity costs are shown in parentheses in the table.

Revolt · Accepted Answer

32, thirty-two, thirtytwo, thirty two; 16, sixteen

Question 4

Question 30124

Revolt · Accepted Answer

16, sixteen

Question 5

The opportunity costs are shown in parentheses in the table.

Revolt · Accepted Answer

✔ Country A; According to opportunity costs, should specialize in petroleum.: Country A; According to opportunity costs, should specialize in seafood.: Country B

Question 6

Country A✔ Country Bneither country

Revolt · Accepted Answer

✔ Country B

International Trade Answers

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