menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Modern Principles Microeconomics
  4. Exam
    Exam 2: The Power of Trade and Comparative
  5. Question
    When Determining What a Country Should Specialize in Producing, Economists
Solved

When Determining What a Country Should Specialize in Producing, Economists

Question 150

Question 150

Multiple Choice

When determining what a country should specialize in producing, economists chiefly consider:


A) absolute advantage.
B) comparative advantage.
C) incentives.
D) the dispersion of knowledge.

Correct Answer:

verifed

Verified

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

Related Questions

Q145: Increased communication speed played a significant role

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

Q151: Economies can grow due to:<br>A) the extent

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

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines