Economists believe that trade is necessary for prosperity because
A) every country lacks some vital resources that it can get only by trade.
B) each country's climate makes it a relatively efficient producer of some goods, and an inefficient producer of other goods.
C) specialization permits large outputs and can produce economies of scale.
D) All of the above are correct.
Correct Answer:
Verified
Q62: One of the major reasons why nations
Q63: The main reason why one nation trades
Q65: In the past, when the United States
Q67: If Brazil voluntarily ships coffee to the
Q67: One reason why nations trade is because
A)trading
Q70: When every country does what it is
Q71: Some nations that seek to produce all
Q72: Trade between nations usually means that
A)one country
Q75: If Argentina has a large amount of
Q77: Political factors influence international trade because
A)foreign trade
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