An assumption an economist might make while studying international trade is
A)there are only two countries.
B)countries only produce two goods.
C)technology does not change.
D)All of the above are possible assumptions.

Question

Quizplus · Accepted Answer

While economists may make assumptions about the number of countries involved or the goods being produced, they understand that technology and other factors influencing trade can change over time. Therefore, all of the above options are possible assumptions an economist might make while studying international trade.

An Assumption an Economist Might Make While Studying International Trade