Author Question: Though the countries can benefit by completely specializing in the production of the good in which ... (Read 56 times)

bclement10 · **on:** Jun 30, 2018

Though the countries can benefit by completely specializing in the production of the good in which they have comparative advantage, in real world however, they do not completely specialize.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Imposing a quota on metal softball bats shipped into the United States would likely:
a. increase the price of the bats but decrease the total quantity of bats purchased in the United States.
b. increase the price of the bats and the total quantity of bats purchased in the United States.
c. leave the price of the bats unchanged but decrease the quantity purchased in the United States.
d. leave both the price of bats and the quantity purchased in the United States unchanged.