Outsourcing refers to locating services or production processes abroad.
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Q53: A tariff will tend to raise price,
Q54: Trade may take place because of the
Q55: The principle of comparative advantage changes dramatically
Q56: Trade promotes specialization.
Q57: Economist David Ricardo showed that international specialization
Q59: Economists generally believe that international free trade
Q60: International economics involves many of the most
Q61: Use the following to answer questions :
Figure
Q62: The tariff provides an efficient tool for
Q63: If two countries trade corn and steel,
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