Geography, 18.10.2020 06:01, Travon7956
How does international trade lead to specialization?
A- Countries become more dependent on each other for buying and selling manufactured goods.
B- Labor can be outsourced cheaply by other countries, which brings down production costs.
C- countries can make the best use of resources by buying what they dont have from other nations.
D- industries begin to compete to offer the best prices and increase demand.
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People keep spending additional units of a particular resource on a want until their marginal benefit is decreasing withgreater thanless thannot affected by their marginal cost.
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How does international trade lead to specialization?
A- Countries become more dependent on each oth...
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