Free trade is most beneficial:
A) when all trades are voluntary
B) when the government directs the flow of goods and services
C) when consumers buy the highest quality goods
D) when producers produce goods that they enjoy producing
Correct Answer:
Verified
Q21: Specialization and trade occurs in:
A) market economies
B)
Q22: Suppose that Mexico has an absolute advantage
Q23: Agricultural goods will always be produced:
A) in
Q24: California has an absolute advantage in almost
Q25: Goods will flow:
A) from areas of high
Q27: Specialization and gains from trade result in:
A)
Q28: The movement to buy local food is:
A)
Q29: The US is currently:
A) self-sufficient in food
B)
Q30: Cattle production is most likely to occur
Q31: An economist suggests:
A) doing all home repairs
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