ECON 123 Chapter 18 International Trade Northwest Mississippi Community College
Northwest Mississippi Community College
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ECON 123 Chapter 18 International Trade Northwest Mississippi Community College
- Exam (elaborations) • 34 pages • 2020
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ECON 123 Chapter 18 International Trade Northwest Mississippi Community College
Chapter 18—International Trade
MULTIPLE CHOICE
1. International trade increases world economic efficiency for the same reasons that domestic trade increases national economic efficiency.
a. True
b. False
2. International trade equalizes the opportunity cost of producing any good around the world.
a. True
b. False
3. Which of the following best expresses the benefit from international trade?
a. With trade...
Exam (elaborations)
ECON 123 Chapter 18 International Trade Northwest Mississippi Community College
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ECON 123 Chapter 18 International Trade Northwest Mississippi Community College Chapter 18—International Trade MULTIPLE CHOICE 1. International trade increases world economic efficiency for the same reasons that domestic trade increases national economic efficiency. a. True b. False 2. International trade equalizes the opportunity cost of producing any good around the world. a. True b. False 3. Which of the following best expresses the benefit from international trade? a. With trade...
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