Prior to international trade, if the price of good X is lower in country A than in country B,
A) country B has an absolute advantage in the production of good X.
B) country B should stop producing good A.
C) country A has a comparative advantage in the production of good X.
D) country B has a comparative advantage in the production of good X.
E) country A has an absolute advantage in the production of good X.
Correct Answer:
Verified
Q11: Canada produces both lumber and wine.Canada exports
Q12: Refer to the table below to answer
Q13: Compared to the situation before international trade,
Q14: Refer to the table below to answer
Q15: The goods and services we sell to
Q17: Refer to the table below to answer
Q18: A country
A)imports goods produced in countries with
Q19: The fundamental force that drives international trade
Q20: Canada produces both lumber and wine.Canada exports
Q21: Refer to the figure below to answer
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