Which of the Following Concepts Predicts That If Each Country

question 110

Multiple Choice

Which of the following concepts predicts that if each country agrees to specialize in the production of the goods and services that it can produce most efficiently,this will make the best use of global capital resources and will result in lower prices?

• A)The communist manifesto
• B)The theory of absolute advantage
• C)The free trade doctrine
• D)NAFTA
• E)GATT

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