If a country has lower overall productivity levels than its trading partners,then it will
A)be unable to export.
B)have a trade deficit.
C)not be able to obtain gains from trade.
D)have a lower standard of living than its trading partners.
E)All of the above.

Question

Quizplus · Accepted Answer

A country with lower productivity may still export goods where it has a comparative advantage, and it can still gain from trade. However, lower productivity often correlates with a lower standard of living compared to more productive countries.

If a Country Has Lower Overall Productivity Levels Than Its