If Nations Begin to Expand Their Specialization in Production for the Purpose

question 80

Multiple Choice

If nations begin to expand their specialization in production for the purpose of trade,

• A)​consumer surplus will increase, but not total output.
• B)​total world output will increase, and consumer surplus will increase as well.
• C)​total world output will increase, but consumer surplus will not increase.
• D)​neither total output nor consumer surplus will change.

---

Definitions:

Currency Formatting

Currency formatting involves the display of numerical data as money, adhering to the local or specified currency conventions, including the appropriate currency symbol and decimal placement.

Java.util

A package in Java that contains collections frameworks, legacy collection classes, event model, date and time facilities, and various utility classes.

Printf Method

A method in programming, often seen in languages like C and Java, used for formatted output to console or a file.

Formatting Instructions

Guidelines or commands that specify how data should be presented or formatted, often used in programming to improve the readability or appearance of output.