Multiple Choice
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
Correct Answer:
Verified
Q116: A tariff is a tax on either
Q117: Which of the following is not correct
Q118: Exhibit 19-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 19-6
Q119: Which of the following does not explain
Q120: An effective import quota is one that<br>A)reduces
Q122: An effective import quota is one that
Q123: If a country has an absolute advantage
Q124: Which of the following is true concerning
Q125: Exhibit 19-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 19-2
Q126: Exhibit 19-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 19-5