Print Assessment or is true about foreign trade? O Allows countries to acquire resources and goods they cannot make for Allows a country's population to B O themselves. specialize and increase employment opportunities and pay Allows countries to use their resources D All of the above more efficiently QUESTION 22 According to the concept of comparative advantage, the country will export a good only if The opportunity cost of producing a It can get rich trading products from A O B good is lower that in another country. O another country. It produces more of one good than the Enable citizens in the country to earn C D O other country. more money. QUESTION 23 , a large number of suppliers offer very similar products. Entering and exiting the market is very In easy. Pure competition A O Monopolistic competition 00 Monopoly CO Oligopoly QUESTION 24 You have no variety in water providers. There is one local company. The company determines the price and quality of the water provided. What type of competition market is this? B O Pure competition A Monopolistic Competition D O Oligopoly C Monopoly