Specialization and gains from trade result in:
A) greed and crime
B) equal distribution of income
C) inequality and poverty
D) economic growth due to efficiency
Correct Answer:
Verified
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
Q26: Free trade is most beneficial:
A) when all
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
Q32: The US has made a transition from:
A)
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