Multiple Choice
According to Adam Smith:
A) trade is a way for rich people to exploit poor people.
B) trade within a nation benefits people but international trade does not.
C) trade does not benefit anyone.
D) people buy goods for which they have higher opportunity costs than others.
Correct Answer:

Verified
Correct Answer:
Verified
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
Q151: Economies can grow due to:<br>A) the extent
Q152: If you have a comparative advantage in
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
Q157: If a country has an absolute advantage
Q158: Trade creates value by moving goods from