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Specialization and Exchange

Question 71

Multiple Choice

Specialization and exchange


A) generally leads to increased production of some goods at the cost of decreased production of other goods
B) causes the production possibilities frontier to shift inward
C) increases total production of every good only if the total amount of resources also increases
D) alters the allocation of production among individuals or nations,but does not alter total production levels
E) allows greater total production of every good without an increase in the total amount of resources

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