If two countries specialize,
A) the other countries trading with them cannot specialize
B) everyone in both countries gains
C) the total of goods produced increases
D) the other countries trading with them must specialize as well
E) all goods will be produced in both states
Correct Answer:
Verified
Q82: A straight-line production possibilities curve
A) reflects increasing
Q83: If the opportunity cost of producing one
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Q85: If apples and pears have equivalent opportunity
Q86: International trade that is not encumbered by
Q88: International specialization allows a country to use
Q89: Suppose rice can be produced in China
Q90: If Israel has a lower opportunity cost
Q91: If the United States can produce both
Q92: The concept of free trade is based
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