International trade maximizes world welfare as the gains from trade cause:
A) a more efficient allocation of world resources
B) a decrease in price of nontradeable goods
C) more democracy in foreign countries
D) a decrease in overall world production
E) no change in world production.
Correct Answer:
Verified
Q2: Which of the following is not a
Q3: Regulation of business by government is designed
Q4: In economics the term policy usually means:
A)
Q5: The theory of public choice is based
Q6: The branch of economics that applies economic
Q7: The branch of economics that deals with
Q8: The study of politics within a country
Q9: The activity of a group that seeks
Q10: The use of resources to convince a
Q11: The group that would most likely lobby
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