Mr.X is a total loser.He is worse at doing everything than anyone else.According to the law of comparative advantage,
A) he will not be able to compete with others and will remain unemployed.
B) others will be worse off dealing with Mr. X as he is comparatively inferior.
C) he will be able to get a job but at such a low wage that he will be, on net, worse off.
D) he will be able to compete with others by doing what he is comparatively less worse at.
Correct Answer:
Verified
Q3: Mr.X,an American,loses his job due to foreign
Q4: With differing comparative advantages,nations who trade (compared
Q5: The wages of workers displaced by international
Q6: The size of the substitution effect when
Q7: Nation X can produce with one unit
Q9: Which of the following has NOT usually
Q10: The wage rates of Southerners have been
Q11: Mr.X values a good at $100 and
Q12: Nation X can produce with one unit
Q13: All of the output of industry X
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