Differences in climate among nations
a. could lead to economic efficiency
b. reduce opportunities for gains from international trade
c. lower the terms of trade in favor of warm-climate nations
d. may create opportunities for international trade
e. raise the terms of trade in favor of warm-climate nations
D
You might also like to view...
During crisis periods, such as major snowstorms, the prices of basic goods, such as bread and milk rise. The price increases are clear evidence of
A) price gouging. B) government regulation. C) the market making it possible for the people who place the highest monetary value on bread and milk get bread and milk. D) corruption.
Since 1900, real GDP in the United States has grown
A) more rapidly than the population. B) as rapidly as the population. C) more slowly than the population. D) in a random unpredictable manner relative to the population.