Solved

If We Add Together All the Gains from Specialization and Trade

Question 83

Multiple Choice

If we add together all the gains from specialization and trade and then subtract all the losses,the net result would be


A) Zero: the gains and losses would cancel out.
B) Positive: a net gain for the world and each country.
C) Negative: a net loss for the world and each country.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q78: -Refer to</p></div><svg width=

Q79: - Based on</p></div><svg width=

Q80: Assume Ireland can produce 4 units of

Q81: Protectionism achieves which of the following goals?
A)Greater

Q84: An embargo is
A)A prohibition on exports or

Q85: -Based on</p></div><svg width=

Q86: If trade is mutually beneficial,then increasing trade
A)Increases

Q87: Which of the following is not a

Q87: A tax imposed on imported goods is
A)A

Q88: International trade
A)Causes prices of products to rise

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents