Multiple Choice
One reason for international specialization in production is
A) differing national tastes
B) diseconomies of scale in production
C) a high world price for a good
D) resources are plentiful in all nations
E) people have limited wants for domestically produced goods and services
Correct Answer:

Verified
Correct Answer:
Verified
Q50: Exhibit 19-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 19-9
Q51: Dumping refers to selling a commodity abroad
Q52: Differences in tastes among nations<br>A)make gains from
Q53: The two main categories of U.S.exports are<br>A)transportation
Q54: Japan is generally considered an economy closed
Q56: One reason for international specialization in production
Q57: Exhibit 19-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 19-5
Q58: Comparative advantage is determined by<br>A)the amount of
Q59: An effective import quota<br>A)lowers the price of
Q60: When a country establishes trade restrictions, domestic