Consider Two Countries Which Trade with Each Other

question 28

Multiple Choice

Consider two countries which trade with each other.The degree of specialization according to their respective comparative advantages will be greater if the countries face:

• A)constant costs.
• B)high tariffs.
• C)low unemployment rates.
• D)increasing costs.

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Definitions:

United States

A country in North America comprising 50 states and a federal district, known for its diverse geography and cultural influence globally.

Common

Occurring frequently or widely accepted, shared by, coming from, or done by more than one.

Eclectic

Selecting or adopting elements from a variety of sources, systems, or styles, especially in reference to therapeutic techniques.

Methods

Systematic and structured procedures or techniques used in research, experimentation, or observation to obtain and analyze data.