D n Question 1 Which of the following is an argument for free trade? Lower consumption...
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D n Question 1 Which of the following is an argument for free trade? Lower consumption possibilities. The need to protect goods and services essential to national security. Greater efficiency through specialization. Aiding infant industries. Question 2 Comparative advantage in production is achieved by: Subsidizing, specializing, and lowering the price of an exported good. Being able to produce a good with fewer inputs than in other countries. Having terms of trade that are better than the terms of trade faced in other countries. Having a lower opportunity cost of producing a good relative to that of other countries. Question 3 D n Question 1 Which of the following is an argument for free trade? Lower consumption possibilities. The need to protect goods and services essential to national security. Greater efficiency through specialization. Aiding infant industries. Question 2 Comparative advantage in production is achieved by: Subsidizing, specializing, and lowering the price of an exported good. Being able to produce a good with fewer inputs than in other countries. Having terms of trade that are better than the terms of trade faced in other countries. Having a lower opportunity cost of producing a good relative to that of other countries. Question 3
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