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Multiple-Choice Questions Ch.
21.The Mercantilistsdid notadvocate:..a.fre.trade..b.stimulatin.th.nation\exports
3.According toAdam Smith,international tradewas based on:...a.absolut.advantage...b.comparativ.advantage
1.
1.
5.What proportionof internationaltrade isbased onabsolute advantage...a.All...b.most...c.some
6.・・d.none
7.The commodityin whichthe nationhas thesmallest absolutedisadvantage isthe commodity of its:..a.absolut.disadvantage..b.absolut.advantage..c.comparativ.disadvantage
8.・・d.comparativ.advantage
9.If ina two-nation Aand B,two-commodity Xand Yworld,it isestablished thatnationA has a comparativeadvantage incommodity X,then nation B musthave:
10.
11.If withone hourof labortime nationA canproduce either3X or3Y whilenationBcan produceeitherIX or3Y andlabor isthe onlyinput:...d.natio..ha..comparativ.advantag.i.neithe.commodit.
7.Wit.referenc.t.th.statemen.i.Questio.6:
8.Wit.referenc.t.th.statemen.i.Questio.
6.i.
3.i.exchange.fo.3Y:...a.natio..gain.2X・・・b.natio..gain.6Y...c.natio..gain.3Y
9....d.natio..gain.3Y
10.With referenceto thestatement ofQuestion6,the rangeof mutuallybeneficial tradebetween nationAand Bis:...a.
3..
3..5Y...b.
5..
3..9Y…c.
3..
3..9Y...d.
1..
3..3Y
10.
1.domesticall.3X=
3.i.natio.A.whil.lX=l.domesticall.i.natio.B:...b.th.relativ.pric.o..i.th.sam.i.bot.nation.
13.Th.impositio.o.a.impor.tarif.b..larg.nation:1・・・c.ma.increas.o.reduc.th.nation\welfare
14.Th.impositio.o.a.optimu.tarif.b.Jarg.nation:.・・C・
1.welfare
15.Th.optimu.tarif.fo..smal.natio.is:...a.100%…b.50%…c.0Multiple-choic.Question.Ch.9:
1.A.impor.quota:
2.A.increas.i.th.deman.o.th.importe.commodit.subjec.t..give.impor.quota:・・・
3.Adjustmen.t.an.shif.i.th.domesti.deman.o.suppl.o.a.importabl.commodity occurs:・..b.i.th.quantit.o.import.wit..tariff・・
4.A.internationa.carte.refer.to:..a.dumping
5.Th.temporar.sal.o..commodit.a.belo.cos.o.a..lowe.pric.abroa.i.orde.to driveforeign producersout ofbusinessis called:..a.predator.dumping..b.sporadi.dumping..c.continuou.dumping..d.voluntar.expor.restraint....
6.Th.typ.o.dumpin.whic.woul.justif.antidumpin.measure.b.th.countr.subject to the dumpingis:・.a.predator.dumping..b.sporadi.dumping..c.continuou.dumping
7..fallaciou.argumen.fo.protections.
9.Whic.o.th.foliowin.i.fals.wit.respec.t.strategi.trad.policy・・・b・・・・a.
10.Industria.polic.refer.to:b.an activistpolicy by the governmentof anindustrial countryto stimulate the development of anindustryc.the grantingof asubsidy toa domesticindustry tostimulatethedevelopmentofan industry...c.th.grantin.o..subsid.t..domesti.industr.t.counte..foreig.subsidy
11.Gam.theor.refer.to:...b.th.grantin.o..subsid.t.correc..domesti.distortion
12.Trad.protectio.i.th.Unite.State.i.usuall.provide.to:...a.low-wag.workers.・
13.Th.most-favored-natio.principl.refer.to:b.c.d.
14.O.whic.o.th.followin.principle.doc.GAT.rest...a.nondiscrimination・・・
15.Whic.o.th.followin.wa.no.negotiate.unde.th.Urugua.Rounda.b.c.Multiple-choic.Question.fo.Ch.
131.Whic.o.th.followin.i.false..c..credi.transactio.i.entere.wit..negativ.sign..d.Double-entr.bookkeepin.refer.t.eac.transactio.entere.twice.
2.Whic.o.th.following..debit..d.Capita.inflows
3.Capita.inflows:..b.refe.t..reductio.i.th.nation\asset.abroad
4.Whe..U.S.fir.import.good.t.b.pai.i.thre.month.th.U.S.credits:..b.unilatera.transfers..c.capital
5.・.d.officia.reservesTh.receip.o.a.interes.paymen.o..loa.mad.b..U.S.commercia.ban.t..foreign...residen.i.entere.i.th.U.S.balanc.o.payment.a.a:
6.Th.paymen.o..dividen.b.a.America.compan.t..foreig.stockholde.represents:...sterlin.balance.i..Londo.Bank.th.U.S.debit.it.curren.accoun.an.credit.its:・・..d.capita.account
8.Whe.th.U.S.ship.fbo.ai.t..developin.nation.th.U.S.debits:..a.unilatera.transfers..b.services..c.capital..d.officia.reserves
9.Whe.th.residen.o..foreig.natio.l.sell..U.S.stoc.an.
2.deposit.th.proceed.in....U.S.bank.th.U.S.:..a.credit.capita.fo.
1.an.debit.capita.fo.2I...d.debit.capita.fo.
1.an.credit.capita.fo.2Whe..U.S.residen.l.purchase..foreig.treasur.bil.an.pay.b.
2.drawin.dow.his bankbalances abroad:...b.debit.capita.fo.
1.an.credit.capita.fb.2II.Fro.th.U.S.poin.o.view.drawin.o.reducing.foreig.ban.balance.i..Ne.Yor.bank representsa:...a.capita.inflow...b.capita.outflow...d.debi.i.th.curren.accoun.
11.Whic.i.no.a.officia.reserv.asse.o.th.U.S.
13.Th.capita.accoun.o.th.U.S.includes:...a.th.chang.i.U.S.asset.abroa.an.foreig.asset.i.th.U.S....b.th.chang.i.U.S.asset.abroa.an.foreig.asset.i.th.U.S..othe.tha.official reserveassets
14.Accommodatin.item.are:
15.Whic.o.th.followin.i.false...a..ne.debi.balanc.i.th.curren.an.capita.account.measure.th.surplu.i.the nation*s balance of payments...b..balanc.o.payment.defici.mus.b.settle.b..ne.credi.i.th.officia.reserve accountb.a deficitin the balance of payments can be measuredby theexcess ofcredits overdebits in theofficial reserveaccount...d..ne.debi.balanc.i.th.officia.reserv.accoun.refer.t..surplus
1.Whic.i.no..functio.o.th.foreig.exchang.market
2.A.increas.i.th.poun.pric.o.th.dolla.represents:
3..chang.fro.$1=£.t.$2=£.represent.
4..shortag.o.pound.unde..flexibl.exchang.rat.syste.result.in:
5.A.effectiv.exchang.rat.i.a:..a.spo.rate..b.forwar.ratenations mostimportant tradepartners
6.Th.exchang.rat.i.kep.withi.narro.limit.i.differen.monetar.center.by:..a.hedging..b.exchang.arbitrage..c.interes.arbitrage..d.speculation
7.LSR=$2/£.an.th.three-mont.FR=$
1.98/£1:...a.th.poun.i.a..three-mont.forwar.discoun.o.1%...b.th.poun.i.a..fbrwar.discoun.o.l.pe.year...c.th.poun.i.a..three-mont.forwar.premiu.o.1%...d.th.dolla.i.a..three-mont.forwar.discoun.o.1%
8.Hedgin.refer.to:
9..U.S.importe.schedule.t.mak..paymen.o.£100,
00.i.thre.month.ca.hedg.his foreignexchange riskby:
10.I.th.three-mont.FR=$2/£,an..speculato.anticipate.tha.SR=$
2.03/£,i.threemonths,he canearn aprofit by:
11.Destabilizin.speculatio.refer.t.the:
1.
2.A capitaloutflow fromNew Yorkto Londonunder coveredinterest arbitragecan takeplace if theinterest differential in favor of Londonis:
3....d.non.o.th.above.
4.According to the theoryof coveredinterest arbitrage,ifthe interest differentialin favorof the foreigncountry exceedsthe forwarddiscount on the foreigncurrency,there willbe a:
5.
6.When theinterest differentialin favorof the foreign countryis equal totheforward premium on theforeigncurrency,we:.・.d・
15....a.forwar.premiu....b.forwar.discountMultiple-choic.Question.fo.Ch.15a.
1.Whic.i.correc.wit.respec.t.th.absolut.PP.theoryb.It postulatesthat the exchange ratebetween twocurrencies isequal tothe ratioof the price levelsin the two nationsc.it doesnot takeinto considerationtransportation costsor otherobstructions tothe flowofinternational trade
2.Th.relativ.purchasin.power-parit.theor.postulate.that:relative changein theprice level in the two nations over the same timeperiodd.the changein theexchange rateover a period of time should be proportional totheabsolutechange in thepricelevelin thetwonationsoverthesametime periode.theexchangerate ataperiodoftimeshouldbeproportionaltothe relative prices in the twonations
3.Th.relativ.PP.theor.give.bette.results:
4.Th.monetar.approac.t.th.balanc.o.payments:c.postulate.tha.mone.play.th.crucia.rol.i.th.lon.ru.bot.a..disturbanc.an.adjustment in the nationsbalanceof payments
5.L.nation,.mone.GD.i.l
0.an.th.velocit.o.circulatio.o.mone.i.
4.th.quantity demandedof moneyin thenationis:...a.20•・♦・•・・...d.100a.
6.Th.monetar.bas.o.th.natio.refer.t.the:b.domestic creditcreated by the nationsmonetary authoritiesor thedomestic assetsbacking of thenations money supplybacking of the nationsmoney supplyplus theinternational reservesof the nation
7.Lth.lega.reserv.requiremen.o.th.natio.i.25%.th.mone.multiplie.i.th.natio.is:...a.
2...b.
4...c.5s....d.6t.According tothe monetaryapproach tothe balanceof payments,a deficitin the nations balanceofpayments resultsfrom:the nationsmonetary authoritiesu.an excessinthestock ofmoney demandedinthenation that is not satisfied bydomesticmonetary authoritiesv.an excessinthestock ofmoney demandedinthe other nationthatisnotsatisfiedby the othernations monetaryauthorities
7.・
8.If theincrease ina nationsmoneysupplygrows lessrapidly thanits GNP,thenationwill facea:
9.・・
10.According tothe monetaryapproach tothebalanceofpaymentsa non-reserve currencynation:
11.to giveup inthe long-run itsgoal of:...a.pric.stability
12.balanceofpayments:a.theinterestdifferentialinfavorof the dollarequals theexpected rateof appreciationof the poundof the dollarofthe pound
13.Th.monetar.approac.assume.tha.th.followin.assumptio.holds:...c.expectation.d.no.affec.th.futur.spo.exchang.rate.
14.上alanc.approach:・・・appreciation oftheforeigncurrency leadsdomestic residentsto increase:a the demand for domestic money...c.th.deman.fo.th.foreig.bon...
16.Accordin.t.th.asse.marke.o.portfoli.balanc.approach..reductio.i.th.ris.premiumontheforeignbond leadsdomestic residentsto increase the demand forthe:...a.domesti.mone.
17.income orGDP leadsdomestic residentsto increasethedemandfor the:a domesticmoney
18.Accordin.t.th.asse.marke.o.portfoli.balanc.approach.a.increas.i.domesti.wealth leadsdomesticresidents toincreasethedemandforthe:a domesticmoney
19.Whic.o.th.followin.i.fals.wit.regar.t.exchang.rat.dynamics:
20.A.unexpecte.increas.i.th.U.S.mone.suppLlead.to:...d.al.o.th.abov.国际经济学第二章…3・c.4・d.5・d.6・c・7・d・8・・d・13・d・14・b.15・a・第三章lc.
2.d.
3.a.
4.d.
5.b.
6.d.
7.c.
8.a.
9.c.l
0.b.ll.d.l
2.d.l
3.c.l
4.d.l
5.d.第四章・3・d.4・b・5・・6・・7・.8・・9・・10・・lL・12・・13・・14・・
15.D第五章l.C
2.C
3.A
4.C
5.B
6.D
7.D
8.B
9.C
10.C ll.D
12.D
13.A
14.C
15.A第八草l.C
2.C
3.A
4.D
5.D
6.D
7.A
8.B
9.C
10.B ll.D
12.C
13.D
14.D
15.A
16.D第八章l.C
2.D
3.D
4.A
5.A
6.#
7.A
8.A
9.B
10.B ll.D
12.A
13.D
14.D
15.C第九章l.D
2.B
3.D
4.B
5.A
6.A
7.C
8.D第十三章l.C
2.C
3.D
4.C
5.B
6.D
7.D
8.A
9.D
10.B ll.B12C
13.B
14.D
15.A第十四章l.C
2.A
3.A
4.B
5.D
6.B
7.A
8.B
9.C
10.#ll.B
12.A
13.C
14.B
15.A
16.A第十五章l.D
2.B
3.A
4.D
5.B
6.C
7.B
8.A
9.B
10.A ll.D
12.A
13.A
14.D
15.C
16.C
17.A
18.D
19.B
20.D...c.th.relativ.pric.o..i.th.sam.i.bot.nation.
11.Ricard.explaine.th.la.o.comparativ.advantag.o.th.basi.of:
12.Whic.o.th.followin.statement.i.truec....b.th.combine.suppl.fb.eac.commodit.b.th.tw.nation.i.risin.stepwis..d.the equilibriumrelative commodityprice foreach commoditywith tradeis givenby theintersectionofthedemand and supply ofeach commoditybythetwonations
13.difference in:...a.facto.endowments...b.technology...c.tastes
14.T.th.trad.betwee..smaLan..larg.nation:...b.th.smaLnatio.i.likel.t.receiv.al.o.th.gain.fro.trad...・・・d・
15....a.verified・・・b.rejected...c.no.testedMultiple-Choice QuestionsCh.
31.A production frontier thatis concavefrom theorigin indicatesthat thenation incursincreasingopportunity costsintheproduction of:..a.commodit.only..b.commodit..only..c.bot.commodities..d.neithe.commodity
2.Th.margina.rat.o.transformatio.MRT.o..fo..refer.to:..a.th.amoun.o..tha..natio.mus.giv.u.t.produc.eac.additiona.uni.o..
3.Whic.o.th.followin.i.no..reaso.fd.increasin.opportunit.costs:commoditiesless suitedintheproduction ofthe commodity
4.Communit.indifferenc.curves.a.
5.Th.margina.rat.o.substitutio.MRS.o..fb..i.consumptio.refer.t.the:b.amount ofX that a nationmust giveup forone extraunit ofY andstill remainonthesameindifference curvesameindifference curvec.amount ofX thata nationmust giveup forone extraunit ofY toreach ahigher indifferencecurved.amount ofY thata nationmust giveup forone extraunit ofX toreach ahigher indifferencecurve
6.Whic.o.th.followin.statement.i.tru.wit.respec.t.th.MR.o..fo.Y
7.Whic.o.th.followin.statement.abou.communit.indifferenc.curve.i.true...b.the.cross.the.canno.b.use.i.th.analysi....c.th.problem.arisin.fro.intersectin.communit.indifferenc.curve.ca.b.overcome bythe applicationofthecompensation principle...d.al.o.th.above.
8.Whic.o.th.followin.i.no.tru.fo..natio.tha.i.i.equilibriu.i.isolation...c.th.indifferenc.curv.i.tangen.t.th.nation\productio.frontier
9.Lth.interna.Px/P.i.lowe.i.natio..tha.i.natio..withou.trade:
10.Natio.1\shar.o.th.gain.fro.trad.wil.b.greater:...a.th.greate.i.natio.1\deman.fo.natio.Z\exports...b.th.close.Px/P.wit.trad.settle.t.natio.Z\pretrad.Px/Py...c.th.weake.i.natio.Z\deman.fo.natio.r.export....d.th.close.Px/P.wit.trad.settle.t.natio.1\pretrad.Px/Py
11.
12.Wit.fre.trad.unde.increasin.costs:...b.a.leas.on.natio.wil.consum.abov.it.productio.frontie.a.
13.Whic.o.th.followin.statement.i.falseb.The gains from tradecan bebroken downinto the gainsfromexchange andthegainsfromspecialization...b.gain.fro.exchang.resul.eve.withou.specializatio.
14.Th.gain.fro.exchang.wit.respec.t.th.gain.fro.specializatio.ar.always:...a.greater...b.smaller...c.equal
15.MutualLbeneficia.trad.canno.occu.i.productio.frontier.are:・...d.th.sam.an.taste.ar.als.th.same.Multiple Choice QuestionsCh.
41.Whic.o.th.followin.statement.i.correct..c.th.suppl.curv.o.export.i.flatte.tha.th.tota.suppl.curv.o.th.commodit.
2.
3.Th.offe.curv.o..natio.shows:..a.th.suppl.o..nation.imports..b.th.deman.fo..nation,.exports
4.,...a.impor.commodity..b.expor.commodity..d.nontrade.commodity
5.Expor.price.mus.ris.fo..natio.t.increas.it.export.becaus.th.nation:
6.Whic.o.th.followin.statement.regardin.partia.equilibriu.analysi.i.false..b.i.isolate.fo.stud.on.marke...c.i.ca.b.use.t.determin.th.equilibriu.relativ.commodit.pric.bu.no.the equilibrium quantity withtradea.
7.Whic.o.th.followin.statement.regardin.partia.equilibriu.analysi.i.trueb.The demandandsupplycurves arederived from the nationsproductionfrontierand indifferencemap
8.Lwha.wa.doe.partia.equilibriu.analysi.diffe.fro.genera.equilibriu.analysis...c.d.the formerbut notthe lattercan beused todetermine theequilibriumquantitywith tradee.the formerbut notthe lattertakes intoconsideration theinteraction amongall marketsinthe economy..d.th.forme.give.onl.a.approximatio.t.th.answe.sought.
9.Lth.term.o.trad.o..natio.ar.
1..i..two-natio.world.thos.o.th.trad.partne.are:..a.3/
4..b.2/
3..c.3/
2..d.4/
310.Lth.term.o.trad.increas.i..two-natio.world.thos.o.th.trad.partner:...a.deteriorate...b.improve...c.remai.unchanged
11.L.natio.doe.no.affec.worl.price.b.it.trading.it.offe.curve:...a.i..straigh.line...c.intersect.th.straight-lin.segmen.o.th.world\offe.curve...d.intersect.th.positively-slope.portio.o.th.world.offe.curve
12.Lth.nation\taste.fo.it.impor.commodit.increases:...b.th.partnef.offe.curv.rotate.towar.th.axi.measurin.it.impor.commodit.....c.th.partnef.offe.curv.rotate.towar.th.axi.measurin.it.expor.commodit...
13.T.th.nation\taste.fo.it.impor.commodit.increases:
14.Lth.taste.fo..natio.impor.commodit.increases.trad.volume:...a.increases・・・b.declines...c.remain.unchanged...d.an.o.th.abov.
15..deterioratio.o..nation,,.welfar.to:...a.deteriorate...b.improve...c.remai.unchangedMultiple-ChoiceQuestionsch.
51.Th.H-.mode.extend.th.classica.trad.mode.by:..c.bot..an.b..d.neithe..no.b
2...c.complet.specialization
3.Wit.equa.technolog.nation.wil.hav.equa.K/.i.productio.if:
4.W.sa.tha.commodit..i.K-intensiv.wit.respec.t..when:..a.mor..i.use.i.th.productio.o..tha.X..b.les..i.use.i.th.productio.o..tha.X..c..lowe.L/.rati.i.use.i.th.productio.o..tha.X..d..highe.K/.i.use.i.th.productio.o..tha.Y
5.Whe.w/.falls.L/K
6..natio.i.sai.t.hav..relativ.abundanc.o..i.i.ha.a:..b.smalle.absolut.amoun.o....c.highe.L/.ratio..d.lowe.r/w
7..differenc.i.relativ.commodit.price.betwee.nation.ca.b.base.o..differenc.in:...a.technology...b.facto.endowments...c.tastes
8.Lth.H-.model.intemationa.trad.i.base.mostl.o..differenc.in:...a.technology...b.facto.endowments...d.tastes
9.Accordin.t.th.H-O-.model.trad.reduce.intemationa.difference.in:
10.Accordin.t.th.H-O-.model.internationa.trad.will:
11.Th.H-.mode.i..genera.equilibriu.mode.becaus.i.deal.with:
12.Th.H-.mode.i..simplificatio.o.th..trul.genera.equilibriu.model becauseit dealswith:...a.tw.nations...b.tw.commodities
13.Th.Leontie.parado.refer.t.th.empirica.findin.tha.U.S.
14.Fro.empirica.studies.w.conclud.tha.th.H-.theory:
15.Fo.facto.reversa.t.occur.tw.commoditie.mus.b.produce.with:...a.sufficientLdifferen.elasticit.o.substitutio.o.factor...Multiple-Choic.Question.Ch.6:
1.Relaxin.th.assumption.o.whic.th.Heckscher-Ohli.theor.rests:
1...d.an.o.th.above.
2.Which ofthe followingassumptions ofthe Heckscher-Ohlin theory,when relaxed,leave thetheoryunaffected
3.
4.Which ofthe followingassumptions ofthe Heckscher-Ohlin theory,when relaxed,require newtradetheories..b.incomplet.specialization
5.・.d.th.existenc.o.transportatio.cost.
6.International tradecanbebasedoneconomies ofscale evenif bothnations haveidentical:..a.facto.endowments..b.tastes..c.technology
5..grea.dea.o.internationa.trade.
6.Th.Heckscher-Ohli.an.ne.trad.theorie.explain.mos.o.th.trade:
7.
8.The theorythatanation exportsthose productsfor whicha largedomestic marketexists wasadvancedby:..a.Linder..b.Vernon..c.Leontief..d.Ohl in
8.Intra-industr.trad.take.place:
1.
2.If anation exportstwice asmuch ofa differentiatedproduct thatit imports,its intraindustryT indexisequalto:..a.
1.
00..b.
0.
75..c.
0.
666..d.
0.
2510.Trad.base.o.technologica.gap.i.closel.relate.to:...c.Lindef.theory
11.Whic.o.th.fbllowin.statement.i.tru.wit.regar.t.th.product-cycl.theory...c.i.postulate.tha.industria.countrie.expor.mor.advance.product.t.les.advanced countries
12.Transpor.costs:...d.neithe..no.b.
13.Transpor.cost.ca.b.analyzed:...b.productio.frontiers...c.offe.curves・・
14.Th.shar.o.transpor.cost.wil.fal.les.heavil.o.th.nation:...d.wit.th.larges.domesti.market
15..footloos.industr.i.on.i.whic.th.product:...d.neithe..no.b.Multiple-choice QuestionsCh.8a.
1.Whic.o.th.foliowin.statement.
1.incorrectb.An advalorem tariffis expressedasapercentage ofthe valueofthetraded commodity..b...specifi.tarif.i.expresse.a..fixe.su.o.th.valu.o.th.trade.commodity.・
2..smal.natio.i.one:・c.d.whose consumerswill paya pricethat exceedsthe worldprice bythe amountofthe tariff
3.
1..smal.natio.increase.th.tarif.o.it.impor.commodity.its:
4.・・d・
5.The increasein producersurplus whena smallnation imposesa tariffis measuredbythearea:..a.t.th.lef.o.th.suppLcun^betwee.th.commodit.pric.wit.an.withou.thetariff・..d.non.o.th.above.s.L.smal.natio.increase.th.tarif.o.it.impor.commodity:t.Whic.o.th.followin.statement.
1.incorrec.wit.respec.t.th.rat.o.effectiv.protectionu..exceeds.i.equa.t.o.i.smalle.tha.t.a.t.i.smalle.than.i.equa.t.o.is largerthan t
7.Wit.ai=50%.ti=
0.an.t=20%..is:...a.40%...b.20%…c.80%...d.
08.Th.impositio.o.a.impor.tarif.b..smaLnation:...a.increase.th.relativ.pric.o.th.impor.commodit.fo.domesti.producer.and consumersb.reduces therelativepriceoftheimport commodityfordomesticproducers andconsumers...c.increase.th.relativ.pric.o.th.impor.commodit.fo.th.natio.a..whole
9.Th.impositio.o.a.impor.tarif.b..smal.nation:...a.increase.th.nation*.welfare・
1.welfare...c.leave.th.nation*.welfar.unchanged
10.Accordin.t.th.Stolper-Samuelso.theorem.th.impositio.o..tarif.b..nation:
1.abundan.factor…
1.scare.factor...c.reduce.th.rea.retur.o.th.nation*.scare.factor
11.Th.impositio.o.a.impor.tarif.b..natio.result.in:
1.impor.commodity・・...c.reduce.th.rea.retur.o.th.nation*.abundan.factor・
12.Th.impositio.o.a.impor.tarif.b..natio.ca.b.represente.b..rotatio.o.the:...a.nation*.offe.curv.awa.fro.th.axi.measurin.th.commodit.o.it.comparative advantageb.thenations offer curve toward the axis measuring the commodityof itscomparative advantagec.theothernations offercurvetowardtheaxis measuringthecommodityof its comparativeadvantaged.theothernation*soffercurve awayfromtheaxismeasuringthecommodityofitscomparativeadvantage。
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