Technological improvements are similar to international trade since they both:
A) Provide benefits for all producers and consumers
B) Increase the nation's aggregate income
C) Reduce unemployment for all domestic workers
D) Ensure that industries can operate at less than full capacity
Correct Answer:
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Q12: International trade forces domestic firms to become
Q14: A main advantage of specialization results from:
A)
Q18: The real income of domestic producers and
Q22: Relative to countries with low ratios of
Q26: Recent empirical studies indicate that productivity performance
Q27: A reduced share of the world export
Q28: In the United States, automobiles are
A) Imported,
Q37: Important trading partners of the United States
Q38: A sudden shift from import tariffs to
Q52: The benefits of international trade accrue in
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