What was the top timber producing country ?

Related Mcqs:

1. What was the top sheep producing country ?

   A. United Kingdom
   B. Australia
   C. China
   D. India

2. What was the top buffalo producing country ?

   A. Nepal
   B. Pakistan
   C. India
   D. China

3. What was the top mild producing country ?

   A. United States
   B. Germany
   C. Russia
   D. France

4. What is the top cattle producing country ?

   A. India
   B. Argentina
   C. United State
   D. China

5. What is the top sheep producing country ?

   A. India
   B. Australia
   C. China
   D. India

6. What was the top cattle producing country ?

   A. India
   B. Argentina
   C. United States
   D. China

7. What was the top chicken producing country ?

   A. China
   B. Indonesia
   C. United States
   D. Brazil

8. What was the top milk producing country ?

   A. United States
   B. Germany
   C. Russia
   D. France

9. 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

10. 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