11. Because the price of an exported good ________, then ________ gain from exports.
A. Falls; domestic producers
B. rises; domestic consumers
C. falls; domestic consumers
12. When the principle of comparative advantage is used to guide trade, then a country will specialize by producing only
A.goods with the highest opportunity cost.
B.goods for which production takes fewer worker−hour than another country.
C.goods for which production costs are more than average total costs.
D.goods with the lowest opportunity costs.
11. Option A.
12. Option D.
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