Author Question: The free trade theories of specialization primarily assume that ________. A) specialization leads ... (Read 152 times)

chads108

  • Hero Member
  • *****
  • Posts: 507
The free trade theories of specialization primarily assume that ________.
 
  A) specialization leads to unemployment, but production gains compensate for job losses
  B) resources can move internationally from the production of one good to another
  C) resources can move domestically from the production of one good to another
  D) countries have objectives other than economic efficiency

Question 2

Which of the following assumptions was made in the original theories of absolute and comparative advantage?
 
  A) Specialized labor seeks efficiency.
  B) Labor resources are fully employed.
  C) Countries pursue objectives other than economic efficiency.
  D) Production networks enable countries to concentrate on particular functions.


kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

For a complete list of videos, visit our video library