Question

can you answer these questions

The Middle East is best associated with which internationally traded product?

electronics
bananas
manufactured goods
oil

A country with an absolute advantage can produce a good or service

more slowly than another country.
more efficiently than another country.
less efficiently than another country.
in twice the time as another country.

It takes brothers John and Dan the same amount of time to clean the room they share, but John can mow the lawn faster than Dan.

Which action would allow them to take advantage of their respective comparative advantages?

them both sharing each task equally
John mowing the lawn and Dan cleaning their room
Dan mowing the lawn and John cleaning their room
Dan doing both tasks

What role does competition play in international trade?

It results in higher prices.
It discourages imports.
It drives down prices for consumers.
It does away with the need for investment.

Which is an example of a country that is overly dependent on another country for critical goods and services?

a country that imports all its oil
a country that imports all of its luxury goods
a country that licenses some television shows
a country that has some international businesses

Answer 1

1) oil

2) more efficiently than another country.

3) John mowing the lawn and Dan cleaning their room.

4) It drives down prices for consumers.

5) a country that imports all its oil