Do opportunity cost play a role in peoples decision to, Ask an Expert

Economics

The principle of comparative advantage does not provide answers to certain questions. One of these questions is

1. Is it possible for specialization and trade to benefit more than one party in a trade?

2. Is it possible for specialization and trade to increase total output of traded goods?

3. Do opportunity cost play a role in people's decision to specialize in certain activities?

4. What describe the price at which trade takes place?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9274482

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