Encouraging international trade will
A) slow economic growth as many workers lose their jobs to foreign workers.
B) speed economic growth as workers specialize and trade with others.
C) speed economic growth because international trade limits the harm done by property rights.
D) slow economic growth when a country is forced to specialize and trade with other countries.
E) speed economic growth as workers diversify their knowledge and limit trade.
B
You might also like to view...
When economists address the concept of price and wage stickiness in relation to the business cycle, they are referring to
A) nominal prices and nominal wages. B) real prices and real wages. C) both nominal and real prices and wages. D) both nominal and real prices, but only real wages.
Economic status tends to be passed on from one generation to the next _____
a. regardless of the monetary wealth that is transmitted from parents to children b. because of the monetary wealth that is transmitted from parents to children c. in nearly all societies d. a and c