The productivity table given below shows how many bushels of either wheat or rice can be produced in India and Canada with 1 unit of input. To achieve gains from specialization and trade:
A. India should export rice to Canada and import Canadian wheat
B. India should export wheat to Canada and import Canadian rice
C. Canada should produce both wheat and rice and not trade with India
D. India cannot offer any benefits to Canada from trading with her
A. India should export rice to Canada and import Canadian wheat
Economics
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A decrease in the quantity supplied is represented by a
A) movement down the supply curve. B) movement up the supply curve. C) rightward shift in the supply curve. D) leftward shift in the supply curve.
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A positive technological change will cause the supply of a good to increase
Indicate whether the statement is true or false
Economics