In the real world we don't observe countries completely specializing in the production of goods for which they have a comparative advantage. All of the following are reasons for this except

A) some countries have more resources than other countries.
B) tastes for many traded goods are different in many countries because of globalization.
C) production of most goods involves increasing opportunity costs.
D) not all goods and services are traded internationally.

A

Economics

You might also like to view...

Evidence suggests that, with rare exceptions, economic policies are not manipulated in an effort to influence electoral outcomes. Use the Lucas critique to explain why not

What will be an ideal response?

Economics

A German who exchanges euros for dollars in a U.S. airport is

a. contributing to U.S. exports b. lending dollars to Germans c. participating in the foreign exchange market d. engaging in speculative activities e. engaging in illegal activities

Economics