
The theory of comparative advantage states that a nation can gain from international trade ONLY if it:
A) supplies products that other nations don't produce.
B) has a disadvantage against other nations in the production of particular goods.
C) produces the best of everything.
D) exports products at a lower cost than other nations.
E) none of the above.
Correct Answer:
Verified
Q24: The small size of the domestic market
Q25: The product trade cycle is:
A) a major
Q26: Explain the different reasons a company might
Q27: The theory of comparative advantage is based
Q28: The product trade cycle, which is an
Q30: A holistic approach to international business requires
Q31: In general, international trade in services has
Q32: Historically, the main source of Australia's exports
Q33: A regiocentric orientation views the region as
Q34: Advances in communications technology have revolutionised international
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