International trade has the potential to ____ the availability of goods and services to ____.
A) increase; those nations who export more than they import
B) increase; nations that have an absolute advantage in the production of a good or service
C) increase; all nations
D) decrease; all nations
Correct Answer:
Verified
Q10: Exhibit 15-1 Production possibilities curves Q12: Suppose Japan has a comparative advantage over Q13: Exhibit 15-1 Production possibilities curves Q14: Trade between nations A and B: Q17: What are the benefits and costs to Q19: Specialization and trade allow an economy to Q20: Comparative advantage indicates that: Q126: A nation benefits from international trade if Q130: Assume the United States can use a Q158: The theory of comparative advantage suggests that![]()
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A) leaves
A) specialization and exchange
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