Countries trade, Countries trade with each other because.

Countries trade

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Reference no: EM131391742

A. Countries trade with each other because

a. it allows their scarce resources to be allocated more efficiently

b. it increases product choices for their citizens

c. it provides their citizens with higher standards of living

d. all of the above

B. Assume all Hondas imported into the US are subject to a $1000 tax. This is an example of a(n):

C. Assume the US can only import 100,000 tons of sugar from the Dominican Republic. This is an example of a(n):

D. Assume all Toshiba camcorders imported into the US are subject to a 10%tax. This is an example of a(n):

Reference no: EM131391742

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Countries trade

Reference no: EM131391742

Reference no: EM131391742

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