Which of the following objectives is NOT a basis for international trade?
A) To gain from economies of scale.
B) To obtain goods that would be unavailable otherwise.
C) To obtain goods at lower prices than would be possible if they were produced domestically.
D) To increase Treasury reserves of gold bullion.
E) To increase output from specialization.
Correct Answer:
Verified
Q54: Limits on the quantity of a foreign
Q55: Q56: Which of these is the basis of Q57: Most economists Q58: Statement I: The Japanese are an extremely Q60: A comparative advantage in the production of Q61: Statement I: We pay higher taxes on Q62: Assume that for Canada the opportunity cost![]()
A)favor tariffs.
B)favor quotas.
C)advocate "fair trade."
D)Economists do
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