Which of the following is NOT correct?
A) trade allows for specialisation
B) trade is good for nations
C) trade is based on absolute advantage
D) trade allows individuals to consume outside their individual production possibilities curve
Correct Answer:
Verified
Q124: Adam Smith:
A)was one of the first scholars
Q125: Trade can make everybody better off because
Q130: David Ricardo:
A)wrote books opposing the ideas of
Q130: George and Martha face the production possibilities
Q131: How do consumption possibilities differ between a
Q131: Julia can produce 15 apple pies or
Q135: David Ricardo was the author of:
A)An Inquiry
Q136: The principle of comparative advantage was developed
Q137: Which is more important in determining trade
Q139: Adam Smith:
A)wrote An Inquiry into the Nature
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