If the United States can produce both wine and chocolate at a lower resource cost thanFrance,
A) both countries can still benefit from specialization and international trade
B) only the United States can benefit from specialization and international trade
C) only France can benefit from specialization and international trade
D) neither country can benefit from specialization and international trade
E) there will be unknown effects of specialization and international trade
Correct Answer:
Verified
Q86: International trade that is not encumbered by
Q87: If two countries specialize,
A) the other countries
Q88: International specialization allows a country to use
Q89: Suppose rice can be produced in China
Q90: If Israel has a lower opportunity cost
Q92: The concept of free trade is based
Q93: If Mexico has a comparative advantage in
Q94: Goods produced by people in one country
Q95: U.S. imports are goods that are
A) produced
Q96: Historical note: Changes in demand for and
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