Solved

The Nation of Pineland Forbids International Trade

Question 1

Multiple Choice

The nation of Pineland forbids international trade.In Pineland,you can buy 1 pound of fish for 2 pounds of pineapples.In other countries,you can buy 1 pound of fish for 1.5 pounds of pineapples.These facts indicate that


A) Pineland has a comparative advantage, relative to other countries, in producing fish.
B) other countries have a comparative advantage, relative to Pineland, in producing pineapples.
C) the price of pineapples in Pineland exceeds the world price of pineapples.
D) if Pineland were to allow trade, it would import fish.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents