第二章
The economic force giving rise to the existence and degree of trade between two nations is referred to as:( )
答案:gains from trade
The increase in consumption in each nation resulting from specialization in production and trading is referred to as:( )
答案:basis for trade
The commodities exported and imported by each nation constitute the:( )
答案:pattern of trade
The school of thought during the seventeenth and eighteenth centuries proposing that the way for a nation to become richer was to restrict imports and stimulate exports was :( )
答案:Mercantilist
_____________explains how mutually beneficial trade can take place even when one nation is less efficient than another nation in the production of all commodities.( )
答案:The law of comparative advantage
____________________states that the cost or price of a commodity is determined by, or can be inferred exclusively from, its labor content.( )
答案:The labor theory of value
____________________states that the true cost of a commodity is the amount of a second commodity that must be given up to release just enough resources to produce one more unit of the first commodity:( )
答案:The law of comparative advantage
The ability of one nation to produce a commodity using fewer resources than another nation is:( )
答案:absolute advantage
When the amount of a commodity that must be given up to produce each additional unit of another commodity, regardless of the amount of the commodity foregone, is the same at every level of production, which of the following exists?( )
答案:absolute advantage
The ratio of one commodity price to the price of another commodity is called relative commodity price.( )
答案:错

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