Which of the following is not a benefit of international trade?
A) a larger selection of products
B) increased production efficiencies
C) more efficient allocation of resources
D) a redistribution of income from scarce to abundant factors of production
E) higher quality products
Correct Answer:
Verified
Q1: International trade maximizes world welfare as the
Q3: Regulation of business by government is designed
Q4: In economics the term policy usually means:
A)
Q5: The theory of public choice is based
Q6: The branch of economics that applies economic
Q7: The branch of economics that deals with
Q8: The study of politics within a country
Q9: The activity of a group that seeks
Q10: The use of resources to convince a
Q11: The group that would most likely lobby
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