International trade does all the following except
A) allow a country to specialize in producing certain goods and services
B) reduce world output
C) allow a country to move to a higher consumption possibilities frontier
D) allow a country's consumption possibilities frontier to lie outside its production possibilities frontier
E) increase world output
Correct Answer:
Verified
Q44: Exhibit 19-2 Q45: Absolute advantage Q46: A country should export only those goods Q47: World output will be maximized if each Q48: The rate at which two countries trade
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A)is the same as comparative advantage
B)implies
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