Multiple Choice
The United States decides to follow its comparative advantage and specialize in the production of airplanes. Which of the following will occur?
A) the quantity of airplanes demanded in the United States will increase
B) the world price of airplanes will increase
C) there will be no change in the price of airplanes in the United States
D) more airplanes will be produced in the United States
Correct Answer:
Verified
Related Questions
Q5: Q6: Suppose the world price of a Q7: Who benefits from imports? Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) foreign consumers
B) domestic
