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Q. As a result of trade, specialization in the Ricardian model tends to be

Q. Gold standard means:

Q. According to Hecksher and Ohlin basic cause of international trade is:

Q. International dumping may involve

Q. A trade-diverting customs union:

Q. If there were a balance of payments deficit then in a floating exchange rate system:

Q. A key effect of devaluation is that it

Q. International trade and domestic trade differ because of:

Q. ------------theory states that countries which are rich in labour will export labour intensive goods and countries which are rich in capital will export capital intensive goods

Q. To financelarge U.S. federal Budget deficits, the Federal Reserve increases the money supply. This leads to a surplus of dollars world wide. What happens to the U.S. dollar and trade?