Differences in Tastes Among Nations

question 52

Multiple Choice

Differences in tastes among nations

• A)make gains from trade possible even in the absence of differences in resource endowments
• B)make gains from trade possible only when there are differences in resource endowments
• C)negate any potential gains from trade
• D)are caused by differences in resource endowments
• E)occur only among countries whose people are of different religions

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Definitions:

Ethanol

A volatile, flammable, colorless liquid alcohol, used as a solvent and in the manufacture of organic chemicals and biofuels.

Methanol

A simple alcohol with the formula CH₃OH, used as a solvent, antifreeze, fuel, and as feedstock for chemical synthesis.

Balanced Equation

A chemical equation in which the number of atoms for each element is the same on both the reactant and product sides.

Propanol

An alcohol with the chemical formula C3H8O, used as a solvent and antiseptic.