35) choose the correct option: 1.If Germany’s productivity doubles for everything it produces, this will not alter its prior pattern of specialization because it has not altered i
Answer is:
1-T,2-F,3-T
Related Micro Economics MCQ (GK Set-1) with Answers
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if I am unhappy with what I have but I cannot find a trading partner because everybody else is happy with what they have
Answer is:
it can produce that good at a lower opportunity cost than its trading partner.
Answer is:
Trade can benefit everyone in society because it allows people to specialize in activities in which they have a comparative advantage.
Answer is: