Specialization and trade benefits:
A) Both rich countries and poor countries.
B) Rich countries but not poor countries.
C) Poor countries but not rich countries.
D) Large countries but not small countries.
Correct Answer:
Verified
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
Q41: Terms of trade refer to:
A) Negotiations made
Q42: Comparative advantage refers to a country's:
A) Ability
Q43: If a country has an absolute advantage,it
Q44: Suppose Brazil has a comparative advantage in
Q45: If a country has a lower opportunity
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