One reason for international specialization is _____
A) a high world price for a good.
B) higher trade restrictions imposed by a national government.
C) diminishing returns to a variable factor of production.
D) the difference in resource endowments throughout the world.
E) the difference in benefits that consumers and producers get from the domestic market.
Correct Answer:
Verified
Q25: Which of the following is true of
Q26: The United States is a major exporter
Q39: Which of the following does not result
Q40: For each watch the country of Marina
Q41: Which of the following explains why many
Q43: Differences in resource endowments refer to differences
Q45: Economies of scale in the production of
Q46: A country should export only those goods
Q47: Differences in tastes among nations _
A) make
Q49: Which of the following reasons best explains
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