International trade and specialization most often lead to which of the following? A. an increase in a nation’s productivity B. a decrease in a nation’s economic growth in the long term C. an increase in a nation’s import tariffs D. a decrease in a nation’s standard of living
For the majority of countries, the answer has been (d). I suspect that isn't what the test is looking for, though…
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A. an increase in a nation’s productivity
B. a decrease in a nation’s economic growth in the long term
C. an increase in a nation’s import tariffs
D. a decrease in a nation’s standard of living
For the majority of countries, the answer has been (d). I suspect that isn't what the test is looking for, though…