International trade does all the following except
a. allow a country to specialize in producing certain goods and services.
b. reduce world output.
c. allow a country to move to higher consumption levels.
d. increase world output.
B
Economics
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By making exchange ________, money allows for ________ and higher ________
A) harder; specialization; costs B) easier; specialization; productivity C) easier; specialization; costs D) harder; generalization; productivity
Economics
If firms sell what they expected to sell, which of the following will be true?
A) Aggregate expenditure will be greater than GDP. B) Aggregate expenditure will be less than GDP. C) There is no unplanned change in inventories. D) Inventories will rise, and GDP and employment will fall.
Economics