You can capture a bigger piece of the pie if
a. You can decrease your counter party's gains from reaching an agreement
b. You can increase you gain from reaching an agreement
c. All of the above
d. None of the above
d
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Which of the following is TRUE about comparative advantage?
A) Comparative advantage explains trade among nations, but not within nations. B) Comparative advantage explains trade within nations, but not among nations. C) Comparative advantage explains trade within nations and among nations. D) Comparative advantage has nothing to do with trade among nations; it only is concerned with specialization within a firm.
Under a fixed exchange rate regime, expansionary fiscal policy will tend to cause which of the following?
A) an increase in imports B) an increase in net exports C) a reduction in investment D) all of the above