Economics

posted by .

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.

  • Economics -

    I disgree. I think a

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Economics

    Consider the following two country-two goods world, with a single input, labor: Daily production per worker Commodity Portugal England Wine (barrels) 2 OR 1 Cloth (bolts) 4 OR 3 a) Does either country have absolute and/or comparative …
  2. principles of macroeconomics

    It is possible for an economy to increase its production of computers and, at the same time, to increase its production of cars if the economy a. moves downward and to the right along its production possibilities frontier and the frontier …
  3. Economics: Comperative Advantage

    Refer to Figure 4. Assume that Cliff and Paul were both producing wheat and corn, and each were dividing their time equally between the two. Then they decide to specialize in the product they have a comparative advantage in. As a result, …
  4. Macro economics

    5. The problem of determining what goods and services society should produce: A.exists because we can produce more than we need or want. B.exists because there are not enough resources to provide all the goods and services that people …
  5. Economics

    1) The long run growth rate of the economy is consistent with: a.An outward expansion the economy's production possibilities frontier. b.A rightward shift in the aggregate demand curve. c.An inward expansion the economy's production …
  6. Macroeconomics

    Here are my answers and i wanted to check if they were correct to the quiz posted below. 1.a because its a model for the ppf 2.b Just wha thappens when technology is completely ignored 3.a because the model is based off of inputs and …
  7. college level Macroeconomics

    Here are my answers and i wanted to check if they were correct to the quiz posted below. 1.a because its a model for the ppf 2.b Just wha thappens when technology is completely ignored 3.a because the model is based off of inputs and …
  8. Economics (Production Possibility Frontiers)

    Assume that the endownment of capital and labor in a given society is 20 units of capital and 20 units of labor. The production function of good X can be expressed as X = K1/2L1/2, and the production of good Y can be expressed as Y …
  9. statistics

    Suppose that there are 10 million workers in Canada and South Korea and each worker in Canada and South Korea can produce 4 cars per year. A Canadian worker can produce 10 tonnes of grain a year, whereas a South Korean worker can produce …
  10. MACROECONOMICS

    Suppose that there are 10 million workers in Canada and South Korea and each worker in Canada and South Korea can produce 4 cars per year. A Canadian worker can produce 10 tonnes of grain a year, whereas a South Korean worker can produce …

More Similar Questions