Solved

When Two Countries Specialize and Trade with One Another

Question 51

Multiple Choice

When two countries specialize and trade with one another:


A) total production remains unchanged,but consumption rises.
B) total production increases,but only if comparative advantage exists.
C) total production may increase,depending on trade relations.
D) total production and consumption remain unchanged.

Correct Answer:

verifed

Verified

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

Related Questions