According to economist Kenneth Arrow, interdependence among nations increases the value of scares resources and creates surplus. This surplus becomes available for redistribution among: O Only developed nations O Only developing nations O Only surplus creating nations O All developed and developing nations

According to economist Kenneth Arrow, interdependence among nations increases the value of scares resources and creates surplus. This surplus becomes available for redistribution among: O Only developed nations O Only developing nations O Only surplus creating nations O All developed and developing nations

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter3: Interdependence And The Gains From Trade

Section: Chapter Questions

Problem 2QR

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