When Two Countries Are Specializing and Trading with Each Other,the

question 130

Multiple Choice

When two countries are specializing and trading with each other,the gains from trade will tend to be greater when

• A)opportunity costs in the two countries are similar.
• B)there are economies of scale in production.
• C)prices rise in both countries.
• D)the production possibilities boundaries shift inward.
• E)comparative advantages are eliminated.

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Definitions:

Priority

The status established among tasks or concerns to indicate the order in which they should be addressed or considered.

Rich Medium

A communication channel that allows for the transmission of complex, nuanced information, often involving multiple cues or types of feedback.

Lean Medium

A communication channel characterized by minimalism and efficiency in conveying messages without excess information.

Performance Review

A formal assessment in which an employee's job performance is evaluated, typically on an annual basis, to discuss achievements and areas for improvement.