A. United States
B. China
C. India
D. Brazil
Related Mcqs:
- What was the top sheep producing country ?
A. United Kingdom
B. Australia
C. China
D. India - What was the top buffalo producing country ?
A. Nepal
B. Pakistan
C. India
D. China - What was the top mild producing country ?
A. United States
B. Germany
C. Russia
D. France - What is the top cattle producing country ?
A. India
B. Argentina
C. United State
D. China - What is the top sheep producing country ?
A. India
B. Australia
C. China
D. India - What was the top cattle producing country ?
A. India
B. Argentina
C. United States
D. China - What was the top chicken producing country ?
A. China
B. Indonesia
C. United States
D. Brazil - What was the top milk producing country ?
A. United States
B. Germany
C. Russia
D. France - Assume that Country A is relatively abundant in labor and Country B is relatively abundant in land Note that wages are the returns to labor and rents are the returns to land According to the factor price equalization theorem, once Country A begins specializing according to comparative advantage and trading with Country B: A. wages and rents should fall in Country A B. wages and rents should rise in Country A C. wages should rise and rents should fall in Country A D. wages should fall and rents should raise in Country A ?
XA. wages and rents should fall in Country A
B. wages and rents should rise in Country A
C. wages should rise and rents should fall in Country A
D. wages should fall and rents should raise in Country A - If an economy moves from producing 10 units of A and 4 units of B to producing 7 As and 5Bs The opportunity cost of the 5th B is ?
A. 7As
B. 10As
C. 3As
D. 1A
