Increase in total output realized when individuals specialize in particular tasks and trade are known as: a. The gains from trade b. The profits obtained from sales of a good or service c. The multiplier effect d. An excess supply
Increase in total output realized when individuals specialize in particular tasks and trade are known as:
a. The gains from trade
b. The profits obtained from sales of a good or service
c. The multiplier effect
d. An excess supply
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The answer is A -) The gains from Trade. when individual has a absolute or comparative advanatage …View the full answer
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