In the Real World We Don't Observe Countries Completely Specializing

question 86

Multiple Choice

In the real world we don't observe countries completely specializing in the production of goods for which they have a comparative advantage.All of the following are reasons for this except

• A)not all goods and services are traded internationally.
• B)some countries have more resources than other countries.
• C)tastes for many traded goods are different in many countries because of globalization.
• D)production of most goods involves increasing opportunity costs.

---

Definitions:

Structuralism

A pioneering psychology branch that employed self-examination to investigate the basic architecture of the human psyche.

Critical Thinking

The process of actively analyzing, assessing, and synthesizing information to make informed judgments.

Positive Psychology

A branch of psychology that focuses on the study of positive human functions and virtues that enable individuals and communities to thrive.

Statistical Training

The education or process of learning and applying statistical methods and analyses to various fields, such as economics, psychology, and science.