Countries Gain from Specializing in Producing Goods in Which They

question 87

Multiple Choice

Countries gain from specializing in producing goods in which they have ________ and trading for goods in which other countries have ________.

• A)a comparative advantage; an absolute advantage
• B)an absolute advantage; an absolute advantage
• C)a comparative advantage; a comparative advantage
• D)an absolute advantage; a comparative advantage

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Definitions:

Local Bar Association

A professional organization for attorneys at a city or county level that provides resources, networking, and continuing education.

State Bar Exam

A licensing examination that law graduates must pass to practice law in a specific state.

State Bar Examination

A rigorous examination that must be passed by a law graduate to be licensed to practice law in a particular state.

New York

A state located in the northeastern United States, known for its significant cultural, financial, and political influence.