If Countries 1 and 2 Produce Only Two Goods,A and B,and

question 110

Multiple Choice

If countries 1 and 2 produce only two goods,A and B,and they have the same opportunity cost for the production of good A (and thus good B) ,then

• A) each country will specialize in the production of one good and engage in trade.
• B) neither country will specialize in the production of a good,but both will engage in trade.
• C) one country will specialize in the production of a good,and both will engage in trade.
• D) neither country will specialize in the production of a good,and there will be no incentive for trade.

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The act of stopping the continuous progress of an activity or speech, usually abruptly or without permission.

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The cognitive process of recalling information or experiences from the past.

Senior Level Workers

Employees who hold higher positions within an organization, typically with significant experience and responsibilities.

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Individuals who take part in an activity or event.