The practical constraints on trade include all of these EXCEPT
A) every international transaction involves costs.
B) production possibilities frontiers for nations are linear.
C) production possibilities frontiers exhibit increasing costs and diminishing returns.
D) some industries and individuals in a country may be hurt by an expansion of trade.
Correct Answer:
Verified
Q67: Which statement about entrepreneurs is NOT correct?
A)
Q68: If two countries can benefit by trading
Q69: All of these are considered human capital
Q70: (Table: Production Possibilities Schedule) In the table,
Q71: Land as a productive resource does NOT
Q73: The production possibilities frontier is bowed outward
Q74: _ occurs when the mix of goods
Q75: The key benefit of countries engaging in
Q76: Capital, as a factor of production, includes
Q77: Which statement BEST illustrates increasing opportunity costs?
A)
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