If production is subject to economies of scale,
A) countries can gain from trade if each nation specializes
B) one country will develop an absolute advantage in the production of all goods
C) higher output levels result in higher average production costs
D) one country will develop a comparative advantage in the production of all goods
E) countries cannot gain from trade
Correct Answer:
Verified
Q68: Exhibit 19-4 Q69: Differences in resource endowments are differences in Q70: Differences in tastes among nations Q71: Exhibit 19-4 Q72: Exhibit 19-3 Q74: Exhibit 19-3 Q75: Exhibit 19-2 Q76: If a tariff increases, everybody loses except Q77: Exhibit 19-2 Q78: A tariff is a tax on either Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
A)tariffs
A)make gains from![]()
![]()
![]()
![]()
![]()