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When international trade is present in an economy, how is the allocation of resources altered? Multiple choice question. Fewer resources are allocated to both the
When international trade is present in an economy, how is the allocation of resources altered? Multiple choice question. Fewer resources are allocated to both the export industry and to industries being served by imports. More resources are shifted towards the export industry, while the resources for industries being served by imports remain the same. Some resources are shifted to the industries being served by imports, and some resources shift away from the export industry. Some resources are shifted to the export industry, and some resources shift away from the industries being served by imports.There is an increase in total output and a more efficient use of scarce resources when countries specialize based upon Blank______. Multiple choice question. comparative advantage depreciation of the domestic currency comparative disadvantage exchange rates
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