If a country specializes in production and trades,its _____ possibilities exceed it _____ possibilities.
A) Consumption;production
B) Production;consumption
C) Production;standard of living
D) Consumption;monetary
Correct Answer:
Verified
Q29: International trade:
A) Benefits rich countries but not
Q30: Which of the following is not true
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
Q35: World output of goods and services increases
Q36: Specialization and trade:
A) Reduce consumption possibilities.
B) Increase
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
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