Countries tend to specialize in the production of goods in which they have a comparative advantage because
A) government officials calculate opportunity costs and suggest to people what they ought to produce.
B) people want to make a profit.
C) the Economic Development Office of the United Nations hires economic experts to calculate the opportunity costs of different goods in different countries and then suggests to countries what they ought to produce.
D) the United Nations hires economic experts to calculate the opportunity costs of different goods in different countries and then suggests to countries what they ought to produce.
Correct Answer:
Verified
Q22: Exhibit 34-1 Q22: The sale of goods abroad at a Q23: Exhibit 34-1 Q24: Exhibit 34-1 Q25: The ability to produce a good at Q28: "New industries need to be protected or Q29: The national defense argument for trade restriction 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![]()
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