If the nation of Alpha enjoys an increase in its standard of living as a result of specialization and trade, then Alpha has:
A) a comparative advantage in the production of at least one good.
B) a comparative advantage in the production of all goods.
C) only increased its standard of living at the expense of some other country.
D) experienced the gains from trade.
Correct Answer:
Verified
Q38: If the opportunity cost of producing computers
Q39: Q40: Q41: Which of the following statements is false? Q42: All of the following statements are correct Q44: The simple model of comparative advantage emphasizes Q45: The law of comparative advantage states that Q46: When countries specialize in producing and exporting Q47: International specialization and the gains that result Q48: The gains from trade:
A)
A) accrue primarily to
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