February 24, 2017

Homework Help: Economics

Posted by Rod on Wednesday, March 18, 2009 at 8:14pm.

Which of the following would not result from all countries specializing according to the principle of comparative advantage?

a. Each country production possibillties frontier will shift outward.
b. Worldwide production of goods and services will increase.
c. The well-being of citizens in each country will be enhanced.
d. The size of the economic pie will increase.

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