Which of the following is true of international trade?
A) It allows a country to specialize in the production of certain goods and services.
B) It leads to a reduction in the world production of goods and services.
C) It allows a country to move to a lower consumption possibilities frontier.
D) It allows a country's consumption possibilities frontier to lie inside its production possibilities frontier.
E) It makes a country's production possibilities frontier a downward-sloping straight line.
Correct Answer:
Verified
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