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Economics

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Nathen Hegmann

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Cards in this guide (5)
What is the main intention of boycotts

To get countries or companies to stop doing something objectionable

The existence of an international division of labor among countries enables those countries to have what

Specialized production

Country X would enjoy an absolute advantage in the production of clothing under what circumstance

Its production costs for clothing were the lowest in the world.

The government can prevent the shortages that accompany price ceilings by doing what

Rationing

Why do some countries fear increasing economic interdependence

Interdependence involves a loss of control over the national economy.

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