| Question | Complete each of the following sentences: a. When a nation has no economic interaction with foreigners and produces everything it consumes, the nation is in a state of __________. b. According to the law of comparative advantage, each nation should specialize in producing the goods in which it has the lowest __________. c. The amount of one good that a nation can exchange for one unit of another good is known as the __________. d. Specializing according to comparative advantage and trading with other nations results in __________. |
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| Subject | business-economics |
