Which of the Following Factors Does Not Help Explain Incomplete

question 106

Multiple Choice

Which of the following factors does not help explain incomplete specialization by countries that trade in accordance with comparative advantage?

• A)There may be high transportation costs for perishable products or human services.
• B)The economies of trading partners may be of vastly different sizes.
• C)Opportunity costs of production may not be constant,but may vary with the volume of production.
• D)Governments may impose all kinds of barriers to free international trade,such as tariffs and quotas.
• E)The cost of making trade deals may have become extremely low because of the existence of the World Trade Organization.

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Definitions:

Objectives

Represents goals or targets that are intended to be achieved in a specific period.

United States

A country in North America consisting of 50 states, known for its significant influence in global economics, culture, and politics.

Containment Policy

A United States foreign policy doctrine adopted during the Cold War, aimed at preventing the spread of communism by providing political, military, and economic assistance to vulnerable nations.

President Truman

The 33rd President of the United States, who led the country through the final stages of World War II and the early years of the Cold War.