The fundamental force that generates international trade is
A) absolute advantage.
B) comparative advantage.
C) law of increasing costs.
D) law of diminishing returns.
Correct Answer:
Verified
Q9: Goods and services that we buy from
Q10: When the principle of comparative advantage is
Q11: The fundamental force that drives international trade
Q12: Consider a market that is initially in
Q13: In a market open to international trade,
Q14: The United States decides to follow its
Q15: Consider a market that sells some of
Q16: The goods and services that a country
Q17: International trade arises from
A) the advantage of
Q18: Which of the following is correct?
A) Both
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents