If England buys hockey sticks from Canada, then:
A) England has an absolute advantage over Canada in producing hockey sticks.
B) Canada has an absolute advantage over England in producing hockey sticks.
C) England has a comparative advantage over Canada in producing hockey sticks.
D) Canada has a comparative advantage over England in producing hockey sticks.
Correct Answer:
Verified
Q14: Gains from trade is the:
A)increase in welfare
Q15: Only a firm with _ at producing
Q16: The increase in welfare, in both countries'
Q17: Which of the following is true about
Q18: Both countries can benefit from trade when:
A)at
Q20: For the most part, trade between many
Q21: Technology or production processes developed in a
Q22: When a country gains from trade:
A)everyone in
Q23: Which of the following statements is true
Q24: An important determinant of comparative advantage is:
A)diversity
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