The increase in the level of world production that would occur when countries specialized in the production of just a few goods is based on the principle of:
a. the international division of labor
b. Walras’s Law
c. mercantilism
d. balanced trade
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Home » Business » The increase in the level of world production that would occur when countries specialized in the production of just a few goods is based on the principle of: a. the international division of labor b. Walras’s Law c. mercantilism d. balanced trade