North Carolina produces sweet potatoes in its rich soil, but does not have the climate to grow oranges well.It is correct to say that North Carolina has a _________sweet potato production relative to Florida.
A) free trade agreement with
B) monopoly on
C) comparative advantage in
D) trade imbalance with
Correct Answer:
Verified
Q1: Small countries tend to have higher measures
Q2: Most of the world's population now lives
Q3: Which term describes the ability of a
Q4: What led to the sharp loss of
Q6: Economic interdependence occurs through
A) trade.
B) protectionism.
C) war.
D)
Q7: A sudden shift from import tariffs to
Q8: International trade generally
A) decreases jobs.
B) generates income.
C)
Q9: Specialization is an advantage of
A) large-scale production.
B)
Q10: Which statement about globalization is true?
A) It
Q11: With globalization and import competition, U.S.prices generally
A)
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