Solved

Which of the Following Is True of International Trade

Question 25

Multiple Choice

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:

verifed

Verified

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

Related Questions

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