Solved

To Achieve the Gains from Trade, Each Nation Should Specialize

Question 157

Essay

To achieve the gains from trade, each nation should specialize in the production of a good or service if:
A.its production possibility frontier is larger than that of any other country.
B.its production possibility frontier is smaller than that of any other country.
C.the country can make the product using fewer resources than any other country.
D.the country can make the product while forgoing fewer alternative products than any other country.

Correct Answer:

verifed

Verified

the country can make...

View Answer

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

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents