Even if there are big gains to be had from specialization and trade, countries generally don't produce only one good because:
A) national economies often are perfectly free markets.
B) there is perfectly free trade between national economies.
C) specialization is commonly limited by trade agreements.
D) All of these are true.
Correct Answer:
Verified
Q30: As the workforce in a country with
Q31: Over time, technology tends to:
A)set countries apart
Q32: A country with plenty of capital and
Q33: A country is likely to have a
Q34: A country with a lot of land
Q36: We might predict that Hawaii has a
Q37: A country is likely to have a
Q38: We might predict that Japan has a
Q39: As the workforce in a country with
Q40: An important determinant of comparative advantage is:
A)homogeneity
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