Multiple Choice
Which of the following is correct?
A) trade allows for specialisation
B) trade is good for some nations only
C) trade is based on absolute advantage
D) trade allows countries to consume inside their production possibilities curve
Correct Answer:

Verified
Correct Answer:
Verified
Q128: If one country can produce all goods
Q129: A person is able to obtain goods
Q130: Jean grows rice at a higher cost
Q131: Graph 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-2
Q132: If a country imports goods from overseas,
Q134: Graph 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-2
Q135: Table 3-4<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q136: Table 3-3<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q137: Trade can benefit society as a whole
Q138: Table 3-4<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text