题目内容
Complete specialization usually occurs under the assumption of increasing opporyunity costs.
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Adam Smith contended that gold, silver, and other precious metals constituted the wealth of a nation.
The price-specie-flow mechanism illustrated why nations could not maintain trade surpluses or trade deficits over the long run.
The marginal rate of transformation equals the absolute slope of a country's production possibilities schedule.
Assume that Germany has higher labor productivity and higher wage levels than France. Germany can produce a commodity more cheaply than France if its productivity differential more than offsets its wage differential.
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