Tamu econ 202 exam 1 Study guides, Class notes & Summaries
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TAMU Econ 202 Exam 1 Questions and Answers
- Exam (elaborations) • 10 pages • 2024
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TAMU Econ 202 Exam 1
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ECON 203 EXAM 1 TAMU With 100% Correct Answers 2024/2025
- Exam (elaborations) • 10 pages • 2024
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ECON 203 EXAM 1 TAMU With 100% 
Correct Answers 2024/2025 
What are 3 gains from society when countries decide to specialize? - answer-specialization 
and trade 
-more resources 
-Improvements in technology/productivity 
True or False: Every country have comparative advantage in something. - answerTrue 
What are 2 gains when two countries engage in specialization and trade? - answer-total 
production increases 
-new points reached on the PPF that were originally unattainable 
What are the 4 char...
-
ECON 203 EXAM 1 TAMU With 100% Correct Answers 2024/2025
- Exam (elaborations) • 10 pages • 2024
-
- $11.49
- + learn more
ECON 203 EXAM 1 TAMU With 100% 
Correct Answers 2024/2025 
What are 3 gains from society when countries decide to specialize? - answer-specialization 
and trade 
-more resources 
-Improvements in technology/productivity 
True or False: Every country have comparative advantage in something. - answerTrue 
What are 2 gains when two countries engage in specialization and trade? - answer-total 
production increases 
-new points reached on the PPF that were originally unattainable 
What are the 4 char...
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