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Author Question: The main advantage of trade between two countries is that (Read 59 times)

karen

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on: Apr 19, 2019

Question 1

Specialization and trade allow a country to


◦ produce and consume on its production possibility frontier.
◦ produce and consume inside its production possibility frontier.
◦ produce and consume outside its production possibility frontier.
◦ produce on its production possibility frontier and consume outside it.

Question 2

The main advantage of trade between two countries is that


◦ trade makes both countries more self-sufficient.
◦ employment in both countries will increase.
◦ both countries have consumption choices beyond their current resource and production constraints.
◦ trade will lead to a more equitable distribution of income in both countries.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by karen on Apr 19, 2019

Li Jun

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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karen

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Reply 2 on: Apr 19, 2019
Excellent

xthemafja

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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