If there are big gains to be had from specialization and trade,countries generally don't produce one good because:
A) specialization is not limited by trade agreements.
B) no national economy is a perfectly free market.
C) there is perfectly free trade between national economies.
D) consumers prefer a mix of goods and services.
Correct Answer:
Verified
Q6: Voluntary exchanges generate:
A)surplus, leaving both participants better
Q18: Both countries can benefit from trade when:
A)
Q19: Voluntary exchanges between _ generates surplus.
A) firms
B)
Q22: As workforces become more educated in countries
Q24: We might predict that Hawaii has a
Q24: An important determinant of comparative advantage is:
A)diversity
Q25: Over time,technology tends to:
A) set countries apart
Q28: A country with plenty of capital and
Q33: A country is likely to have a
Q37: A country is likely to have a
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