Explain whether the following statements are true or false.
(A)Although a country can have an absolute advantage in the production of all goods,a country cannot have a comparative advantage in the production of all goods.
(B)A country with a relatively high capital labor ratio is capital intensive.
(C)The theory of comparative advantage explains why all trade takes place.

Question

Quizplus · Accepted Answer

The Answer of Explain whether the following statements are true or false.
(A)Although a country can have an absolute advantage in the production of all goods,a country cannot have a comparative advantage in the production of all goods.
(B)A country with a relatively high capital labor ratio is capital intensive.
(C)The theory of comparative advantage explains why all trade takes place.

Explain Whether the Following Statements Are True or False