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.

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Definitions:

Degrees Of Acceptability

The range of conditions or outcomes that are considered acceptable or satisfactory by stakeholders, often used in the context of quality, risk, or ethical standards.

Formal Group

A group formed by an organization to achieve specific goals, characterized by structured and systematic workflows.

Rational

Based on logic or reason; characteristic of thought or action that is reasonable or sensible.

Group Attractiveness

The degree to which a group is appealing or desirable to its existing or potential members.