Multiple Choice
Trade makes people better off when:
A) everyone wants the same things as other people.
B) some people are less productive than others.
C) people cannot specialize in certain activities.
D) people have different preferences.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q28: The fundamental idea behind the production possibilities
Q29: Anita is a wonderful baker and can
Q30: Brazil can produce one unit of sugar
Q31: Jack and Jill work at a bakery.
Q32: Globalization is:<br>A) pushed through by politicians while
Q34: The enormous variety of goods and services
Q35: Owen Wilson is an actor who has
Q36: A country has an absolute advantage in
Q37: Iceland produces two goods: Viking hats (Y)
Q38: High-productivity workers fear trade because they think