International specialization and trade:
A)allow a nation to get more of a desired good at less sacrifice of some other good.
B)can allow an economy to circumvent the output limits imposed by its domestic production possibilities curve.
C)Has the same effect as having more and better resources.
D)All of the above.

Question

Quizplus · Accepted Answer

International specialization and trade allow a nation to produce and export the goods in which it has a comparative advantage, and import the goods it can produce at a higher opportunity cost, resulting in more of a desired good at less sacrifice of some other good (A). Through international specialization, an economy can circumvent the output limits imposed by its domestic production possibilities curve (B). This has the same effect as having more and better resources (C). Therefore, all of the above choices are correct.

International Specialization and Trade