One reason for international specialization in production is
A) a high tariff imposed by a national government
B) a low tariff imposed by a national government
C) diminishing returns to a variable factor of production
D) the different resource endowments throughout the world
E) high fixed costs of production
Correct Answer:
Verified
Q59: Exhibit 19-2 Q60: The source of gains from trade is Q61: Which of the following is not a Q62: Exhibit 19-2 Q63: Exhibit 19-3 Q65: One reason for international specialization in production Q66: Exhibit 19-4 Q67: Exhibit 19-3 Q68: Exhibit 19-4 Q69: Differences in resource endowments are differences in Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
A)tariffs
B)self-sufficiency
C)autarky
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A)tariffs