Trade, both within and across national borders, ________
A) discourages specialization in production B) exploits absolute advantage
C) reduces interdependence among nations D) increases productive efficiency
D
You might also like to view...
The American Revolution and Constitution resulted in
(a) a dramatic change in laws and the ownership of property. (b) greatly expanded rights for wage workers and indentured servants. (c) the elimination of a land-owning aristocracy. (d) very little major change with respect to laws and ownership of property, though there was a strengthening of property rights.
The speculative demand for money:
a. varies inversely with income. b. is only concerned with active money. c. involves holding money for unexpected problems. d. varies directly with the transactions demand for money. e. varies inversely with the interest rate.