Question: Diminishing returns to specialization suggests that it is worthwhile for companies to Blank______. Multiple choice question. specialize in goods in which they have comparative advantage
Diminishing returns to specialization suggests that it is worthwhile for companies to Blank______. Multiple choice question. specialize in goods in which they have comparative advantage produce goods in which they have absolute advantage and gain from trade produce a wide range of goods and services and not specialize in one particular good or service specialize until that point where the resulting gains from trade are outweighed by diminishing returnsLeontief questioned the validity of the Heckscher-Ohlin theory based on his assumption that the US would be an exporter of Blank______. Multiple choice question. more labor-intensive goods more capital-intensive goods more goods than services more services than goods
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