To reap the gains that arise from specialization, countries _____
A) engage in international trade.
B) should protect domestic industries.
C) should set up international trade barriers.
D) are subject to economies of scale.
E) must agree on how much of one good exchanges for another.
Correct Answer:
Verified
Q1: U.S. imports of goods and services amounted
Q2: Consumer goods accounted for _ of U.S.
Q2: The production possibilities curve of a country
Q3: Capital goods accounted for _ of U.S.
Q4: The third largest category of U.S. exports
Q6: The largest category of U.S. exports in
Q7: Exports account for _ of the gross
Q8: U.S. exports of goods and services amounted
Q9: The second largest category of U.S. exports
Q10: Services accounted for _ of U.S. imports
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