Local food is a good example of:
A) solid economic thinking
B) a liberal agenda
C) a movement that runs counter to economic principles
D) providing more money to the US farm sector
Correct Answer:
Verified
Q1: The trade of food across international borders
Q2: Free trade
A) is good for exporters
B) is
Q3: Adam Smith suggested the idea of:
A) absolute
Q4: Adam Smith would favor:
A) self-sufficiency
B) each nation
Q5: California agriculture is the most productive in
Q7: Absolute advantage is:
A) lowest opportunity costs
B) political
Q8: Comparative advantage is:
A) lowest opportunity costs
B) political
Q9: Trade occurs due to:
A) arbitrage
B) differences in
Q10: If two nations were identical:
A) both nations
Q11: Trade will have the largest impact when:
A)
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