Which of the following is not a reason for international specialization?
A) Some countries have educated, trained workers, while other countries have unskilled workers.
B) Tastes and preferences tend to be different in different countries.
C) Economies of scale can allow larger, more specialized producers to operate at lower average costs.
D) People prefer having a choice of products.
E) The world price of a good is determined by the world supply and demand for it.
Correct Answer:
Verified
Q43: Unless there are barriers to prevent free
Q48: When a country imposes a per-unit tariff
Q57: A charge levied on imports in terms
Q59: The world demand for and the world
Q64: Exhibit 17.2 Q66: Exhibit 17.2 Q68: Exhibit 17.b Q70: Exhibit 17.1 Q72: If there are no trade restrictions, a Q73: Exhibit 17.2 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
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