Multiple Choice
The principle of comparative advantage does not provide answers to certain questions.One of those questions is
A) Is it possible for specialization and trade to benefit more than one party to a trade?
B) Is it possible for specialization and trade to increase total output of traded goods?
C) Do opportunity costs play a role in people's decisions to specialize in certain activities?
D) What determines the price at which trade takes place?
Correct Answer:
Verified
Correct Answer:
Verified
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