Solved

When the Distribution of Resources and Technology Changes Among Nations

Question 38

Multiple Choice

When the distribution of resources and technology changes among nations:


A) it costs more to produce all products.
B) the relative efficiency of producing products changes.
C) it costs less to produce all products.
D) each nation will specialize in producing one product.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q35: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the

Q36: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the

Q37: The following data is for the hypothetical

Q39: The 1993 General Agreement on Tariffs and

Q40: Since World War II, several factors have

Q41: The following data is for the hypothetical

Q42: Production possibilities data for Gamma and Sigma.All

Q43: In comparing a tariff and an import

Q111: Dumping is the sale of a product

Q217: Which of the following is an example