mini q ch 8 - Grades Worksheets Assignments Practice Tests...

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User : Alaa Alakeely In Course : PRIN ECONOMICS II ( ECN 222W SU810 09 SP) Instructor : Edward T Derbin Your score on this exam is 12 out of 15 . Instructions : Open note, open book online assessment covering the material in the current week. Answer Key Question 1 (Worth 1 points) The gains from specialization in production that has a comparative advantage can be determined by comparing a country's consumption possibilities resulting from trade based on comparative advantage and specialization to producing all goods domestically. True This is a correct answer False Points earned on this question : 0 Question 2 (Worth 1 points)
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Economic analysis of comparative advantage shows that a nation should only specialize in the production of goods for which it has an absolute advantage. True False This is a correct answer Points earned on this question : 0 Question 3 (Worth 1 points) In the 1930s when the U.S. passed very high tariffs, other nations raised tariffs in retaliation and international trade collapsed, causing unemployment in the U.S. to worsen.
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mini q ch 8 - Grades Worksheets Assignments Practice Tests...

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