If labor in the United States is more productive than England, then _____

Question

Quizplus · Accepted Answer

If labor in the United States is more productive than England, it implies that the United States has a comparative advantage in producing goods and services. Therefore, both countries will benefit from trading as they can specialize in the production of goods and services in which they have a comparative advantage and trade them for goods produced by the other country. This leads to greater efficiency and productivity, which benefits both countries.

If Labor in the United States Is More Productive Than