According to the principle of comparative advantage, trade between two countries will benefit:
A) both countries.
B) neither country.
C) the country with lower production costs.
D) the country with higher production costs.
Correct Answer:
Verified
Q20: Specialization:
A) increases dependence on markets and trade.
B)
Q21: When nations focus their productive resources on
Q22: You would expect an increase in international
Q23: Specialization should increase total output in the
Q24: According to the principle of comparative advantage,
Q26: A nation is said to have a
Q27: When a nation gives up fewer units
Q28: Comparative advantage in international trade is based
Q29: With one unit of resources each, Country
Q30: With one unit of resources each, Country
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