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Author Question: When countries specialize in producing those goods in which they have ________, they maximize their ... (Read 23 times)

cherise1989

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on: Apr 19, 2019

Question 1

According to ________, trade between two countries allows each of the trading countries to allocate its resources most efficiently.


◦ the Heckscher-Ohlin theorem
◦ the theory of absolute advantage
◦ the General Agreement on Tariffs and Trade
◦ the theory of comparative advantage

Question 2

When countries specialize in producing those goods in which they have ________, they maximize their combined output and allocate their resources more efficiently.


◦ an absolute advantage
◦ a comparative advantage
◦ a greater demand
◦ export subsidies from the government
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by cherise1989 on Apr 19, 2019

Smiles0805

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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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cherise1989

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Reply #2 on: Apr 19, 2019
Excellent


Smiles0805

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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