Why does division of labor make international trade profitable?
A) Countries can always trade with other countries.
B) Every country can produce all the products it needs.
C) The countries that are most efficient at producing particular products produce them.
D) Countries can learn to create products that they are inefficient at producing.
E) Workers always benefit when their labor is divided.
Correct Answer:
Verified
Q13: What is trade liberalization?
A)Being tolerant of exporting
Q14: Which of the following is a tariff?
A)A
Q15: Why do countries restrict trade?
A)Some influential interest
Q16: Which of the following is an example
Q17: What is protectionism?
A)The creation of alliances to
Q19: Which of the following is NOT a
Q20: Which of these is most likely a
Q21: Which of the following international organizations was
Q22: Which statement best describes the position of
Q23: Which of the following is most likely
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