The price-specie-flow mechanism illustrated why one nation's gains from trade were accompanied by another country's losses.
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Complete specialization usually occurs under the assumption of increasing opporyunity costs.
A. 对
B. 错
Adam Smith contended that gold, silver, and other precious metals constituted the wealth of a nation.
A. 对
B. 错
The price-specie-flow mechanism illustrated why nations could not maintain trade surpluses or trade deficits over the long run.
A. 对
B. 错
The marginal rate of transformation equals the absolute slope of a country's production possibilities schedule.
A. 对
B. 错