Technological improvements are similar to international trade since they both ?
Correct answer: B. Increase the nation's aggregate income
- A. Provide benefits for all producers and consumers
- B. Increase the nation's aggregate income
- C. Reduce unemployment for all domestic workers
- D. Ensure that industries can operate at less than full capacity
Explanation
Both technological progress and international trade can raise productivity or specialization, increasing a nation’s aggregate real income. Neither guarantees gains for every individual producer or eliminates unemployment for all workers.
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