International specialization takes place because of______________?

Related Mcqs:

International trade forces domestic firms to become more competitive in terms of ?

A. The introduction of new products B. Product design and quality C. Product price D. All of the above...

Which American industry has least been affected by import competition in recent years ?

A. Automobiles B. Steel C. Radios and TVs D. Computer software...

If there is a balance of payments deficit then in a floating exchange rate system ?

A. The external value of the currency would tend to fall B. The external value of the currency would tend to rise C. The injections from trade are greater then the withdrawals D. Aggregate demand is increasing...

A significant portion of actual world trade patterns results from ?

A. The industrial policies of governments B. different sizes of the countries C. different factor endowment between countries D. the different tastes and preferences of people in different countries...

If goods are exported for less than society’s marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from?

A. an import subsidy B. a quota C. comparative advantage D. an export subsidy...