When a country's production mix becomes more specialized due to increased international trade based on comparative advantage
A) some industries in the country will shrink and possibly disappear.
B) all industries in the country will grow as the economy grows from the trade.
C) the losses in industries without comparative advantage will offset the gains from trade.
D) the country will find it has less need for trade in the future.
Correct Answer:
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A)Absolute advantage
B)Comparative
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A)The
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A)output
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Q84: When trade is based on comparative advantage
A)producers
Q85: Which of the following will NOT happen
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