A country should export only those goods for which, relative to its trading partners, it has the
A) absolute advantage
B) highest opportunity cost
C) lowest production possibilities
D) strongest demand
E) lowest opportunity cost
Correct Answer:
Verified
Q41: The basis for international trade is
A)established trade
Q42: The opportunity cost of producing one car
Q43: Exhibit 19-2 Q44: Exhibit 19-2 Q45: Absolute advantage Q47: World output will be maximized if each Q48: The rate at which two countries trade Q49: International trade does all the following except Q50: Exhibit 19-2 Q51: Comparative advantage is determined by 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![]()
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A)is the same as comparative advantage
B)implies
A)allow![]()
A)the amount of