Exhibit 33-9

-Refer to Exhibit 33-9. Which of the following statements is true?

Question

Exhibit 33-9
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-Refer to Exhibit 33-9. Which of the following statements is true?

Quizplus · Accepted Answer

Comparative advantage is determined by which country can produce a good at a lower opportunity cost. Without seeing Exhibit 33-9, we can infer that if both statements A and B are true, it means each country has a comparative advantage in different goods, suggesting specialization and trade would benefit both. Statement C logically follows from A, as it suggests specialization based on comparative advantage. Thus, all statements are consistent with the principles of comparative advantage in international trade.

Exhibit 33-9 ​

Exhibit 33-9