One Advantage of the Specialization That Results from International Trade

question 8

Multiple Choice

One advantage of the specialization that results from international trade is that countries can take advantage of

• A) scale economies.
• B) taste reversals.
• C) production diversification
• D) smaller countries.
• E) lower transport costs.

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Definitions:

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Fundamental beliefs and moral guidelines derived from religious teachings that influence behavior and decision-making.

Corporate Social Responsibility (CSR)

An organization’s obligation to maximize its positive impact and minimize its negative impact on society.

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