The basis of the benefits of specialization is
a. comparative advantage
b. absolute advantage
c. size of country
d. identical production costs between two countries
e. self-sufficiency
A
Economics
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Monopoly powers given to domestic utility companies to create economies of scale might unintentionally
A) be an obstacle to increased international trade. B) be useful for the creation of a comparative advantage for the domestic country. C) not be used for rent-seeking behaviors. D) be a positive externality for the world as a whole.
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What is supply-side economics, and how does it differ from the Keynesian emphasis on fiscal policy?
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