If two countries each are currently producing two goods, and each begins to specialize in the good in which it has a comparative advantage, what will happen to total world output?
a. It will increase
b. It will decrease.
c. It will be unchanged in both countries.
d. It will rise in one country, and fall in the other, but the total is unchanged.
a
Exhibit 18-3
Economics
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Economics
An introductory course in economics should allow a student to
A. turn into an economist. B. develop solutions to most social problems. C. answer all complex social questions. D. make rational decisions. E. All of these responses are correct.
Economics