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20 Dec 2017

20. The scale effect of trade arises because A. trade leads to in increase in the level of production B. trade leads to a reduced demand for environmental quality C. trade leads to a change in the composition of production D. trade leads to a geographical separation of production and consumption

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Sixta Kovacek
Sixta KovacekLv2
21 Dec 2017
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Related questions

3. The technique effect of trade derives from A. a trade-induced increase in demand for environmental quality B. the importation of new technologies C. the exploitation of scale economies in production D. trade-induced changes in the composition of production

8. The composition effect of trade is due to A. a trade-induced increase in the level of production B. a trade-induced increase in the level of consumption c. the adoption of cleaner production techniques D. trade-induced shifts in production patterns within countries

Which describes the difference between a trade surplus and a trade deficit?
 
a) A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports.
 
b) A trade surplus is when a country imports more than it exports, while a trade deficit happens when exports exceed imports.
 
c) A trade surplus is when a country produces more than it consumes, while a trade deficit happens when consumption exceeds production.
 
d) A trade deficit is when a country loses money on products it makes, while a trade surplus happens when production leads to profits.
 
 

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