Which of the following is not a reason for international specialization?
A) some countries have educated, trained workers, while other countries have unskilled workers
B) tastes and preferences tend to be different in different countries
C) economies of scale can allow larger, specialized producers to operate at lower average cost
D) mineral resources are often concentrated in particular countries
E) the world price of a good is determined by the world supply and demand for it
Correct Answer:
Verified
Q56: To maximize worldwide gains from trade, the
Q57: Exhibit 19-2 Q58: A nation's consumption possibilities frontier is Q59: Exhibit 19-2 Q60: The source of gains from trade is Q62: Exhibit 19-2 Q63: Exhibit 19-3 Q64: One reason for international specialization in production Q65: One reason for international specialization in production Q66: Exhibit 19-4 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)always the![]()
A)tariffs
B)self-sufficiency
C)autarky
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