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Question 6 1 pts If labor in the United States is more productive than labor in Mexico in all areas of production, O Mexico can
Question 6 1 pts If labor in the United States is more productive than labor in Mexico in all areas of production, O Mexico can benefit from trade but the United States cannot. O neither nation can benefit from trade. O the United States will have a comparative advantage relative to Mexico in the production of all goods. O both Mexico and the United States still can benefit from trade.Question 7 1 pts Figure 3-1 Paul CHff Wheat Wheat 8 6 10 com Com Refer to Figure 3-1. The opportunity cost of 2 bushels of corn for Cliff is O 2 bushels of wheat. O 6 bushels of wheat. 12 bushels of wheat. O 3 bushels of wheat.Question 8 1 pts Figure 3-1 Paul when? Refer to Figure 3-1. If Paul divides his time equally between corn and wheat, he will be able to produce Q 2 bushels of wheat and 2 bushels of corn. O 3 bushels of wheat and 3 bushels of corn. Q 4 bushels of wheat and 6 bushels of corn. Q 4 bushels of wheat and 5 bushels of corn. Question 9 1 pts Of the following statements, which is not correct? Q Absolute advantage is the driving force of specialization. O Trade allows for specialization. O Trade has the potential to benet all nations. 0 Trade allows nations to consume outside of their production possibilities curves. Question 10 1 pts If the world price of textiles is lower than Vietnam's domestic price of textiles without trade, then Vietnam 0 should refrain altogether from producing textiles. O has a comparative advantage in textiles. O should import textiles. Q should produce just enough textiles to meet its domestic demand
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