Italy's production of exotic sports cars is an example of the _____ reason that complete specialization by countries does not occur.
A) lack of cost-effectiveness in trading some goods such as services
B) variation in technical skills from country to country
C) variation in consumer preferences
D) transportation costs
Correct Answer:
Verified
Q53: Society as a whole benefits from _
Q54: Gains from trade can occur when a
Q55: When the world price is lower than
Q56: Complete specialization by countries does not occur
Q57: _ are goods that cannot be cost-effectively
Q59: The inability of a haircut to be
Q60: Some people prefer to buy products made
Q61: In a situation where it costs the
Q62: A restaurant meal is a good that
Q63: Complete specialization by countries does not occur
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