In the Real World We Don't Observe Countries Completely Specializing

question 86

Multiple Choice

In the real world we don't observe countries completely specializing in the production of goods for which they have a comparative advantage.All of the following are reasons for this except

• A)not all goods and services are traded internationally.
• B)some countries have more resources than other countries.
• C)tastes for many traded goods are different in many countries because of globalization.
• D)production of most goods involves increasing opportunity costs.

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Definitions:

Logical Structure

The arrangement and relationship of components within a statement or argument that determines its validity.

Premises

Statements or propositions that are assumed to be true and serve as the basis for a conclusion in an argument.

Dependent Premises

Premises in an argument that rely on each other for their validity; the truth of one is dependent on the other.

Pudding Recipe

A set of instructions for preparing pudding, including ingredients and steps involved in its cooking or assembly.