Multiple Choice
If goods are produced abroad but consumed domestically,
A) those goods are termed imports
B) international trade has not occurred
C) the domestic economy is economically inefficient
D) there are no gains from specialization
E) those goods are termed exports
Correct Answer:
Verified
Correct Answer:
Verified
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Q53: Figure 16-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt="Figure 16-6