If a nation decides to specialize and trade, which of the following situations could be expected to occur?

a) lower prices
b) fewer domestic jobs
c) decreased resource availability
d) decreased dependence on other nations
e) decreased quantity and quality of goods


Ans: a) lower prices

Economics

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If we observe a decrease in the price of a good and a decrease in the amount of the good bought and sold, this could be explained by a(an):

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Fill in the blank(s) with the appropriate word(s).

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