Question 17 With what countries do advanced industrial countries primarily trade? O less developed countries O newly industrializing countries O underdeveloped countries their former colonies other advanced industrial countries

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Candonia has a comparative advantage in the production of    , while Desonia has a comparative advantage in the production of    . Suppose that Candonia and Desonia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of

(A)  what percentage of this total was produced by the three largest economies shown in this bar graph? (b)what percentage of this total was produced  by the three smallest economies shown in this bar?

Which is NOT TRUE regarding the diffusion of the printing press and printed books in Europe? O It helped the free exchange of ideas. O It helped facilitate the Italian Renaissance. It increased the importance of clergy in the production of knowledge, since they owned the presses. It helped destabilize traditional society. O Printing brought literacy to adults, especially males as female literacy lagged far behind.

Question 5 Which trade pattern is BEST explained by increasing returns? O Nicaragua exports bananas to the United States, and the United States exports airplanes to Nicaragua. Bangladesh exports clothing to the United States, and the United States exports airplanes to Bangladesh. Taiwan exports cars to the United States, and the United States exports airplanes to Taiwan. O Mexico exports beef to the United States, and the United States exports airplanes to Mexico.

llery Two countries namely the United States and the United Kingdom can produce both wheat and whiskey. Their production possibility frontiers are shown below. Based on this one can say that Wheat (millions of bushels) United States 1500 1000 Whiskey (millions of bottles) Wheat (millions of bushels) 100 United Kingdom 500 Whiskey (millions of bottles) nt ire O Both countries would gain if the United States produced both wheat and whiskey, and United Kingdom produced only whiskey and they traded. O Both countries will get the most desired outcome if each produced both wheat and whiskey, and they traded in both wheat and whiskey. O Both countries would gain if United States produced only whiskey and United Kingdom produced both wheat and whiskey and they traded. O Both countries would gain if the United States specialized in producing wheat, and United Kingdom produced only whiskey and they traded. O United States has an absolute advantage in producing both wheat and whiskey, and thus…