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Under free trade, Canada would not realize any gains from trade with Sweden if Canada ?

A. Trades at Canada’s marginal rate of transformation

B. Trade at Sweden’s marginal rate of transformation

C. Specializes completely in the production of its export good

D. Specializes partially in the production of its exports goods

Related Questions on Foundations of Modern Trade Theory Mcqs

G. MecDougall showed in his tests that ?

A. relatively higher U.S labor productivity was associated with relatively higher U.K export ratios

B. relatively high U.K labor productivity was associated with relatively higher U.K export ratios

C. Labor productivity ratios and export ratios were not associated with each other

D. None of the above