The way in which a country benefits from trade is that it can
A. obtain goods at lower opportunity cost than producing them itself.
B. exploit economies of scale in production and lower the cost of goods it produces.
C. obtain a wider range of goods than it can produce for itself.
D. All of the above are benefits.
Answer: D
Economics
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Which of the following is a market in which banks lend reserves to one another?
A) required reserve market B) open market C) discount market D) federal funds market
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Refer to the information above. Which of the following represents the level of investment needed to maintain constant capital per effective worker (K/NA) in this economy?
A) .02K B) .03K C) .05K D) .10K E) .15K
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