Multiple Choice
Specialization according to comparative advantage can
A) generate more output than being self-sufficient
B) make economies be less dependent on others
C) is very costly and hard to implement
D) cause too much of one type of good to be produced
E) All of these
Correct Answer:

Verified
Correct Answer:
Verified
Q8: By imposing a ban on the use
Q9: In 1900 about _ of all Americans
Q10: Prices above the equilibrium price cause a(n)<br>A)
Q11: As the wage rate increases, the quantity
Q12: A ban will eliminate the legal supply
Q14: A compensating wage differential is a wage
Q15: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt=" -In Table 3.2,
Q16: "Efficiency" means<br>A) a producer is using the
Q17: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt=" -In Table 3.3,
Q18: One result of specialization is that economies