What causes a country to specialize in certain products?
(A) The ability to trade with other nations.
(B) The interests of the citizens.
(C) The resources of the nation.
(D) The money it can earn from producing particular products.
Ans: (C) The resources of the nation.
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What will be an ideal response?
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Indicate whether the statement is true or false
The income-expenditure model of real GDP determination is due to the work of
A) Adam Smith. B) J. B. Say. C) John Maynard Keynes. D) Roger Miller.
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