Chat with AI
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 19
We see quite a bit of international trade in the real world. And trade is driven by specialization. So why don't we see full specialization-for instance, all cars in the world being made in South Korea, or all the mobile phones in the world being made in China? Choose the best answer from among the following choices.
A) High tariffs.
B) Extensive import quotas.
C) Increasing opportunity costs.
D) Increasing returns.
A) High tariffs.
B) Extensive import quotas.
C) Increasing opportunity costs.
D) Increasing returns.
Explanation
Verified
Verified
Hence, the correct answer is c...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
