Time left 0:52:19 Question 11 Answer saved Marked out of 1.00 Not flaggedFlag question Question text A product will be internationally traded as long as the pre-trade price differential between the trading partners is: Select one: a. Greater than the cost of transporting it between them b. Equal to the cost of transporting it between them c. Less than the cost of transporting it between them d. None of the above Question 12 Answer saved Marked out of 1.00 Not flaggedFlag question Question text A main advantage of specialization results from: Select one: a. Economies of large-scale production b. The specializing country behaving as a monopoly c. Smaller production runs resulting in lower unit costs d. High wages paid to foreign workers Question 13 Answer saved Marked out of 1.00 Not flaggedFlag question Question text A primary reason why nations conduct international trade is because: Select one: a. Some nations prefer to produce one thing while others produce other things b. Resources are not equally distributed among all trading nations c. Trade enhances opportunities to accumulate profits d. Interest rates are not identical in all trading nations Question 14 Answer saved Marked out of 1.00 Not flaggedFlag question Question text