Multiple Choice
Economies can grow due to:
A) the extent to which all individuals are educated in all areas of production.
B) government policies.
C) the extent to which markets facilitate specialization through trade.
D) barriers to trade that promote the growth of domestic markets.
Correct Answer:
Verified
Correct Answer:
Verified
Q146: Use the following to answer questions:<br>Figure: Computers
Q147: According to the theory of comparative advantage,
Q148: According to the theory of comparative advantage:<br>A)
Q149: The benefits of economies of scale and
Q150: When determining what a country should specialize
Q152: If you have a comparative advantage in
Q153: According to Adam Smith:<br>A) trade is a
Q154: Trade makes rich people richer and poor
Q155: Use the following to answer questions:<br>Figure: Coffee
Q156: An advantage to specialization is that it