Differences in resource endowments are differences in
a. tariffs charged by each country
b. consumption patterns across nations
c. production patterns across nations
d. the quantity, but not the quality, of resources available in different nations
e. the quality and quantity of resources available in different nations
E
Economics
You might also like to view...
If you were told that the exchange rate was 1.2 U.S. dollars for one Canadian dollar,that would mean that Canadians would have to spend ____ to buy a $12 watch in New York City
A. 18 Canadian dollars B. 10 Canadian dollars C. 12 Canadian dollars D. 14.4 Canadian dollars
Economics
In an open economy, the quantity demanded of TVs in the domestic market will be ________. 
A. 120,000 B. 30,000 C. 90,000 D. 60,000
Economics