People who call for creating a level playing field believe that:
a. a country with relatively low wages is typically a country with an abundance of low-skilled labor.
b. trading on the basis of comparative advantage benefits both domestic and foreign firms.
c. creating a level playing field undermines the basis for specialization and economic efficiency.
d. production in accordance with comparative advantage is unfair.
e. free trade allocates the scarce resources in an efficient way.
Question 2
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.
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