Which of the following does not result in a mutually beneficial trade between two countries?
A) One country having a higher opportunity cost of production of a good than the other
B) One country having an abundant supply of natural resources than the other
C) One country's production being more efficient than the other
D) One country having an absolute advantage over the other
E) One country having a comparative advantage in producing a good than the other
Correct Answer:
Verified
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A)the quantity
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Q11: The law of comparative advantage states that:
A)each
Q12: Which of the following is true of
Q13: In determining comparative advantage,the cost of producing
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Q17: The basis of the benefits of specialization
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Q19: Autarky is:
A)the situation of national self-sufficiency,in
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