Engaging in international trade has all of the following effects except:
A. altering prices in different countries.
B. it makes use of resources less efficient.
C. influencing labor markets in different countries.
D. increasing number of goods and services we can consumer in different countries.
Answer: B
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The aim of supply-side economics is to: a. increase government spending to stimulate aggregate supply
b. stimulate exports to increase the balance of payments. c. decrease wages to make production cheaper. d. lower taxes to increase the supply of resources. e. reduce both the inflation and unemployment problems through increases in taxes.
Specialization according to comparative advantage, followed by trade, allows everyone to acquire more of the goods they want
a. True b. False Indicate whether the statement is true or false