Even If There Are Big Gains to Be Had from Specialization

question 23

Multiple Choice

Even if there are big gains to be had from specialization and trade, countries generally don't produce only one good because:

• A)national economies often are perfectly free markets.
• B)there is perfectly free trade between national economies.
• C)specialization is commonly limited by trade agreements.
• D)All of these are true.

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Definitions:

Asthma

A chronic lung disease that inflames and narrows the airways, causing difficulty in breathing, wheezing, and coughing.

Physical Fitness

The state of being physically healthy and strong, achieved through regular exercise and a balanced diet.

HIV Cases

Instances or diagnosed situations of the human immunodeficiency virus, which attacks the immune system.

United States

A federal republic consisting of fifty states, a federal district, and several territories, located primarily in North America.