Which of the following statements is FALSE?
A) The principle of comparative advantage applies to trade between buyers and sellers in different countries.
B) The principle of comparative advantage applies to trade between people and companies.
C) The principle of comparative advantage explains why people specialize.
D) The principle of comparative advantage explains why companies do not specialize.
Correct Answer:
Verified
Q72: When people focus on their comparative advantage
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Q76: What is the basis of specialization?
A)Absolute advantage
B)Comparative
Q78: When trade is based on comparative advantage
A)output
Q79: Which of the following statements about international
Q80: When a country's production mix becomes more
Q81: Comparative advantage is about _ resources to
Q82: Trade based on comparative advantage does NOT
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