As a result of international trade specialization in

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8. As a result of international trade, specialization in production tends to be: a. Complete with constant costs—complete with increasing costs b. Complete with constant costs—incomplete with increasing costs c. Incomplete with constant costs—complete with increasing costs d. Incomplete with constant costs—incomplete with increasing costs 9. A nation that gains from trade will find its consumption point being located: Using the data of Table 2.1, answer Questions 10 through 15. Table 2.1. Output Possibilities for the U.S. and the U.K. Output per Worker per Day Country Tons of Steel Televisions United States 15 45 United Kingdom 10 20 10. Refer to Table 2.1. The United States has the absolute advantage in the production of: 11. Refer to Table 2.1. The United Kingdom has a comparative advantage in the production of: 2
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