The primary benefit that results when a nation employs its resources in accordance with the principle of comparative advantage is a) an expansion in capital investment resulting from a reallocation of resources away from consumption b) a larger output resulting from a more efficient use of resources c) greater equality of income resulting from an increase in the number of workers d) an increase in the profitability of the business enterprises resulting from an increase in capital formation
The primary benefit that results when a nation employs its resources in accordance with the principle of comparative advantage is a) an expansion in capital investment resulting from a reallocation of resources away from consumption b) a larger output resulting from a more efficient use of resources c) greater equality of income resulting from an increase in the number of workers d) an increase in the profitability of the business enterprises resulting from an increase in capital formation
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter15: International Trade And Finance
Section: Chapter Questions
Problem 6SQ
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The primary benefit that results when a nation employs its resources in accordance with the principle of
a) an expansion in capital investment resulting from a reallocation of resources away from consumption
b) a larger output resulting from a more efficient use of resources
c) greater equality of income resulting from an increase in the number of workers
d) an increase in the profitability of the business enterprises resulting from an increase in capital formation
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