Which of the following is not a reason for international specialization?
A) Some countries have educated,trained workers,while other countries have unskilled workers.
B) Tastes and preferences tend to be different in different countries.
C) Economies of scale can allow larger,specialized producers to operate at lower average cost.
D) People prefer having a choice of products.
E) The world price of a good is determined by the world supply and demand for it.
Correct Answer:
Verified
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
Q45: A lump-sum tax per unit on imports
Q46: The following table shows the demand,supply,and
Q48: When a country imposes a per-unit tariff
Q49: The following graph shows U.S.demand for and
Q50: The following table shows the demand,supply,and
Q51: The following graph shows U.S.demand for and
Q52: The following graph shows U.S.demand for 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