If there are big gains to be had from specialization and trade,countries generally don't produce one good because:
A) national economies often are perfectly free markets.
B) there is perfectly free trade between national economies.
C) specialization is generally limited by trade agreements.
D) All of these are true.
Correct Answer:
Verified
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Q37: International free trade:
A) allows everyone involved to
Q38: National characteristics that affect the cost of
Q40: An important determinant of comparative advantage is:
A)homogeneity
Q41: This graph demonstrates the domestic demand and
Q42: This graph demonstrates the domestic demand and
Q43: This graph demonstrates the domestic demand and
Q44: This graph demonstrates the domestic demand and
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