单选题 When a nation requires fewer resources than another nation to produce a product, the nation is said to have a(n):【缺少答案，请补充】
A、Absolute advantage in the production of the product
B、Comparative advantage in the production of the product
C、Lower marginal rate of transformation for the product
D、Lower opportunity cost of producing the product
单选题 As a result of international trade, specialization in production tends to be:【缺少答案，请补充】
A、Complete with constant costs—complete with increasing costs
B、Complete with constant costs—incomplete with increasing costs
C、Incomplete with constant costs—complete with increasing costs
D、Incomplete with constant costs—incomplete with increasing costs
单选题 Unlike the mercantilists, Adam Smith maintained that:【缺少答案，请补充】
A、Trade benefits one nation only at the expense of another nation
B、Government control of trade leads to maximum economic welfare
C、All nations can gain from free international trade
D、The world’s output of goods must remain constant over time
单选题 According to the principle of comparative advantage, specialization and trade increase a nation’s total output since:【缺少答案，请补充】
A、Resources are directed to their highest productivity
B、The output of the nation’s trading partner declines
C、The nation can produce outside of its production possibilities curve
D、The problem of unemployment is eliminated
单选题 A nation that gains from trade will find its consumption point being located:【缺少答案，请补充】
A、Inside its production possibilities curve
B、Along its production possibilities curve
C、Outside its production possibilities curve
D、None of the above
单选题 If a production possibilities curve is bowed out (i.e., concave) in appearance, production occurs under conditions of:【缺少答案，请补充】
A、Constant opportunity costs
B、Increasing opportunity costs
C、Decreasing opportunity costs
D、Zero opportunity costs
单选题 The trading principle formulated by Adam Smith maintained that:【缺少答案，请补充】
A、International prices are determined from the demand side of the market
B、Differences in resource endowments determine comparative advantage
C、Differences in income levels govern world trade patterns
D、Absolute cost differences determine the immediate basis for trade
单选题 Unlike Adam Smith, David Ricardo’s trading principle emphasizes the:【缺少答案，请补充】
A、Demand side of the market
B、Supply side of the market
C、Role of comparative costs
D、Role of absolute costs
2026-01-14
共60道
