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Business, 29.08.2020 02:01 mandylo5418

There are several economic explanations for why trade is so commonplace. Match each of the examples listed below with the economic concept that best explains the behavior or observation. A. Swiss watch manufacturers producing high quality time pieces.
B. U. S. auto makers offering a great variety of makes and models of cars.
C. The ability of developing nations to export textiles to wealthier countries.
D. Doctors becoming experts in one type of medicine rather than becoming proficient in many areas.
E. Your economics professor paying a gardener to do work that he/she could do on their own.
1. Comparative Advantage
2. Specialization or Economies of Scale

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There are several economic explanations for why trade is so commonplace. Match each of the examples...
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