We know that industrial countries tend to trade with other industrial countries. This pattern counters the:

a. preference theory of comparative advantage.
b. factor abundance theory of comparative advantage.
c. concept of intraindustry trade.
d. product life cycle theory of comparative advantage.
e. human skills theory of comparative advantage.

b

Economics

You might also like to view...

Keynesian economists argue that the automatic adjustment of wages and prices in the macro economy is quite rapid

a. True b. False Indicate whether the statement is true or false

Economics

The government computes measures of income other than GDP because these other measures usually tell different stories about overall economic conditions

a. True b. False Indicate whether the statement is true or false

Economics