a. Increasing costs can force the cost basis of two trading nations to converge b. Labor union contracts can make a firm responsible for employee bene long after a plant is shut down c. Some products cannot be traded internationally
a. Increasing costs can force the cost basis of two trading nations to converge b. Labor union contracts can make a firm responsible for employee bene long after a plant is shut down c. Some products cannot be traded internationally
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Evaluate wrong options as well.
![Which of the following is responsible for partial specialization existing?
a. Increasing costs can force the cost basis of two trading nations to
converge
b. Labor union contracts can make a firm responsible for employee benefits
long after a plant is shut down
c. Some products cannot be traded internationally
d. All of the above](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbe4ba346-4d3a-406b-b369-2ad7c4e9688d%2Fc58eb079-98cd-481b-b757-596dcf6da337%2Fsp6fgwn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following is responsible for partial specialization existing?
a. Increasing costs can force the cost basis of two trading nations to
converge
b. Labor union contracts can make a firm responsible for employee benefits
long after a plant is shut down
c. Some products cannot be traded internationally
d. All of the above
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