If a nation has "cheap labor,"
A) it can still benefit from trade.
B) other nations can still compete with it.
C) it cannot have a comparative advantage in everything.
D) All of the above are t.

Question

Quizplus · Accepted Answer

Having cheap labor does not necessarily give a nation a comparative advantage in everything. However, it can still benefit from trade and other nations can still compete with it. Therefore, all of the above choices are true.

If a Nation Has "Cheap Labor