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Author Question: To obtain the greatest gains from trade, a country should specialize in and ____ those goods for ... (Read 69 times)

D2AR0N

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on: Jun 30, 2018
To obtain the greatest gains from trade, a country should specialize in and ____ those goods for which it has a comparative advantage and ____ those goods for which other countries have a comparative advantage.
 a. export; export
  b. import; import
  c. export; import
  d. import; export

Question 2

In any country, the population will generally be better off as long as the ____ over time and population ____.
 a. quantity and quality of output decreases; does not increase faster than real output
  b. quantity and quality of output increases; increases faster than real output
 c. quantity and quality of output increases; does not increase faster than real output
  d. technology improves; increases faster than real output


Kdiggy

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


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