What is the basis of the benefits of specialization?
A) comparative advantage
B) absolute advantage
C) size of country
D) identical production costs between two countries
Correct Answer:
Verified
Q30: How is a nation's consumption possibilities frontier
Q31: What is the source of gains from
Q32: Which of the following is one reason
Q33: What is the term for the rate
Q34: Which statement best describes the relationship between
Q36: Which of the following factors is the
Q37: When is international trade most likely to
Q38: What does absolute advantage mean?
A) It means
Q39: Which of the following statement characterizes autarky?
Q40: If production is subject to economies of
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