The simple model of comparative advantage emphasizes the mutual benefits of trade brought about by:
A) differences in tastes among countries.
B) differences in relative labour productivity among countries.
C) one country always gaining at the others' expense.
D) dividing up production to produce an even balance of trade.
Correct Answer:
Verified
Q39: Q40: Q41: Which of the following statements is false? Q42: All of the following statements are correct Q43: If the nation of Alpha enjoys an Q45: The law of comparative advantage states that Q46: When countries specialize in producing and exporting Q47: International specialization and the gains that result Q48: The gains from trade: Q49: The analysis of international trade suggests that![]()
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A)
A) accrue primarily to
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