Question 69 2 out of 2 points a nation is said to

 Question 69
2 out of 2 points
A nation is said to have an absolute advantage when it is able to produce more output
than any other nation.
 Question 70
2 out of 2 points
If a country wanted to reduce its trade deficit, it would need to reduce the disparity
between its savings and investments.
 Question 71
2 out of 2 points
The application of any WTO rule assumes that developing nations will not change and
comply increasingly with time.
 Question 72
2 out of 2 points
If foreign ownership decreases faster than domestic ownership, then the country is said to
have a capital account surplus.

 Question 73
2 out of 2 points
The (______________) supports the idea that the result of each nation specializing where
they have a (___________) is a total gain in output from the same labor inputs.
 Question 74
2 out of 2 points
Foreign Direct Investment can also take place by injecting (_______) dollars into the
economy of a given country.
 Question 75
2 out of 2 points
(___________) income from abroad corresponds to a debit in the current account.