A countries trade with each other becausea nbsp it allows, Ask an Expert

Economics

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):

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92201560

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