In reality,trade requires:
A) governments to get together and agree on who is going to specialize in what.
B) governments employ an economic super-planner to crunch the numbers to find comparative advantage for different products.
C) that the day-to-day business decision making is carried out almost entirely by firms and individuals,not by governments.
D) None of these is true.
Correct Answer:
Verified
Q19: Both countries can benefit from trade when:
A)at
Q20: If Japan has an absolute advantage over
Q21: A country with a lot of land
Q22: As workforces become more educated in countries
Q23: A country is likely to have a
Q26: Over time,technology tends to:
A)spread from country to
Q27: In reality,international free trade:
A)allows everyone involved to
Q28: When we say that a country enjoys
Q29: We might predict that Hawaii has a
Q30: As workforces become more educated in countries
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