Multiple Choice
The principle of comparative advantage does not provide answers to certain questions.One of those questions is as follows:
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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