Lyreen7341 Lyreen7341
  • 01-07-2017
  • Business
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Specialization of labor and trade yield greater economic efficiency when applied to interstate? trade,

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Erudite1
Erudite1 Erudite1
  • 12-07-2017
Specialization of labor and trade yields greater economic efficiency when applied to interstate trade AND WHEN APPLIED TO INTERNATIONAL TRADE.This is because, specialization leads to higher economic efficiency, this means that the cost of production will be reduced, more goods will be produced and prices will be lower.
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