If the U.S. has a comparative advantage in almonds relative to Japan, we would expect that
A. the U.S. would export almonds to Japan and Japan would export almonds to the U.S.
B. Japan would export almonds to the United States.
C. the U.S. would export almonds to Japan.
D. None of these situations would take place.
C. the U.S. would export almonds to Japan.
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Which of the following statements is true of the U.S.?
A) There is more value in trade between states in the U.S. than its international trade. B) The U.S. has always been a net exporter of goods and services. C) The U.S. exports more crude oil than it imports. D) The level of imports of the U.S. has dramatically decreased since 1960.
Which of the following assets is almost riskless?
A) Common stocks B) Long-term corporate bonds C) U.S. Treasury bills D) Long-term government bonds E) Apartment buildings