Solved

If There Is No Trade, Which of the Following Is

Question 29

Multiple Choice

If there is no trade, which of the following is most likely?


A) A country is better off because it will become self-sufficient.
B) A country's production possibilities frontier is also its consumption possibilities frontier.
C) A country can still benefit from international specialization.
D) More product variety is available in a country.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q17: Figure 3-5<br>These graphs illustrate the production possibilities

Q24: Table 3-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-6

Q25: Suppose that a worker in Cornland can

Q26: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 3-2

Q27: Currently, a farmer can either grow 40

Q30: What is the difference between production possibilities

Q31: Figure 3-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 3-5

Q32: What is the best reason for people

Q33: The only two countries in the world,

Q34: Table 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-1