Multiple Choice
Trade based upon comparative advantage is economically beneficial because:
A) it promotes an efficient allocation of world resources
B) it gives consumers a narrower range of products to choose from
C) it gives governments the chance to charge high tariffs on imports
D) it allows government policy makers to choose the products the economy will specialize in
E) it gives domestic businesses the chance to reduce the number of competitors they face in product markets
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The following data outline production choices
Q2: The following are domestic supply and
Q3: The terms of trade reflect the:<br>A)rate at
Q5: Ceteris paribus,a tariff is:<br>A)superior to an import
Q6: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2615/.jpg" alt=" -If this economy
Q7: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2615/.jpg" alt=" -The size of
Q8: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2615/.jpg" alt=" -Given free trade,that
Q9: The following data outline production choices
Q10: The following are domestic supply and
Q11: In effect,tariffs on imports are:<br>A)special taxes on