Suppose Haiti has a comparative advantage over other countries in producing sugar,but other countries have an absolute advantage over Haiti in producing sugar.If trade in sugar is allowed,Haiti
A) will import sugar.
B) will export sugar.
C) will either export sugar or export sugar, but it is not clear from the given information.
D) would have nothing to gain either from exporting or importing sugar.
Correct Answer:
Verified
Q1: A logical starting point from which the
Q3: The price of cotton that prevails in
Q4: Assume,for Canada,that the domestic price of steel
Q5: When a country allows trade and becomes
Q9: Trade among nations is ultimately based on
A)absolute
Q10: When,in our analysis of the gains and
Q14: When,in our analysis of the gains and
Q32: A country has a comparative advantage in
Q133: If a country allows trade and, for
Q136: If a country allows trade and, for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents