One reason for international specialization is:
A) a high world price for a good.
B) higher trade restrictions imposed by a national government.
C) diminishing returns to a variable factor of production.
D) the different resource endowments throughout the world.
E) the difference in benefits that consumers and producers get from domestic market exchange.
Correct Answer:
Verified
Q34: The following table shows per-day production
Q35: Which of the following reasons best explains
Q36: Which of the following reasons explains why
Q37: The source of gains from trade is
Q38: Which of the following results in international
Q40: The following table shows per-day production
Q41: The following graph shows the demand for
Q42: Economies of scale in the production of
Q43: Unless there are barriers to prevent free
Q44: The following table shows the demand,supply,and
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