Specialization and trade:
A) Reduce consumption possibilities.
B) Increase the prices of goods.
C) Make workers lazy.
D) Increase the standard of living.
Correct Answer:
Verified
Q31: If there are only two countries in
Q32: Comparative advantage refers to the:
A) Total amount
Q33: Which of the following is a gain
Q34: If a country specializes in production and
Q35: World output of goods and services increases
Q37: Which of the following is true?
A) Large
Q38: The most desired goods and services that
Q39: Consumption possibilities refers to the:
A) Maximum amount
Q40: Specialization and trade benefits:
A) Both rich countries
Q41: Terms of trade refer to:
A) Negotiations made
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