By specializing in the production of particular goods in which it has a comparative advantage, a nation is:
A) less likely to make efficient use of available resources.
B) less likely to engage in international trade.
C) able to become self-sufficient.
D) able to operate efficiently.
Ans: D) able to operate efficiently.
Economics
You might also like to view...
Which was not a factor in causing the Great Depression?
a. the end of a boom in construction b. the crash of the stock market c. a struggling agriculture sector d. structural weakness in the banking system e. All of the above were factors causing the Great Depression.
Economics
Barter is the:
a. direct exchange of goods and services. b. exchange of goods, but not services. c. system that does not depend on a coincidence of wants. d. system used in advanced economies.
Economics