Which of these countries demonstrates Jeffrey Sachs's argument about trade?
A) The nation of Ilar exports rice but imports wheat because it is more cost effective.
B) The soil conditions in Sarut are so poor that no crops can be grown and the country must import all food sources.
C) Intellectual property rights are well-protected in the nation of Acher which provides an absolute advantage.
D) The citizens of Rener fail to participate in entrepreneurial activity because of the planned economy.
E) The true GNI of the nation of Wolcott is unknown because of the "hidden economy."
Correct Answer:
Verified
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