【单选题】Assume that transportation costs are especially high for Widgets in the two - country, two - product Ricardian model, and Country A enjoys a comparative advantage in Widgets, then
A.
country A may switch to having a comparative advantage in the other good.
B.
country A will still export Widgets.
C.
Trade may be impossible between the two countries.
D.
country B may end up exporting Widgets.
E.
country B must also enjoy a comparative advantage in Widgets.
【单选题】If a country is experiencing hyperinflation, itis safe to assume that
A.
the velocity of money has decreased.
B.
the country has returned to a barter economy.
C.
the country’s money supply has risen rapidly.
D.
real GDP in the country has fallen.
【单选题】3 Assume a government places restrictions on a specific product from a specific foreign country. What would be the government's most likely concern about the foreign country's response?
A.
the foreign producers raising the prices of their exports
B.
the foreign country restricting its own imports
C.
the foreign country restricting its exports in that industry
D.
the foreign producers seeking other markets
【判断题】Pro forma financial statements must assume that no dividends will be paid.
【单选题】________ refers to the ability of a party (an individual, a firm, or a country) to produce a particular good or service at a lower opportunity cost than another party.
【单选题】At fre e-trade prices, a bicycle in country X sells for $100 when the per-unit cost of material inputs is $90 . Country X has a nominal tariff rate of 15% on bicycle s, and 10% on the material inputs....
【简答题】Assumethat transportation costs are especially high for Widgets in the two-country,two-product Ricardian model, and Country A enjoys a comparative advantage inWidgets, thenA. country B must also enjoy...
【单选题】Which of the following is true (assume the small country case)?
A.
With a quota, an increase in demand leads to a higher price and more imports.
B.
With a tariff, an increase in demand leads to a higher price and more imports.
C.
With either a tariff or a quota, an increase in demand leads to a higher price and more imports.
D.
None of the above are true.
【单选题】Assume that transportation costs are especially high for Widgets in the two-country, two-product Ricardian model, and Country A enjoys a comparative advantage in Widgets, then
A.
country B must also enjoy a comparative advantage in Widgets.
B.
country B may end up exporting Widgets.
C.
country A may switch to having a comparative advantage in the other good.
D.
country A will still export Widgets.
E.
Trade may be impossible between the two countries.