Prior to international trade, if the price of good X is lower in country A than in country B,
A) country B has an absolute advantage in the production of good X.
B) country B has a comparative advantage in the production of good X.
C) country A has an absolute advantage in the production of good X.
D) country A has a comparative advantage in the production of good X.
E) country B should stop producing good A.
Correct Answer:
Verified
Q2: Table 31.1.1 Q3: The fundamental force that drives international trade Q4: Which of the following statements about Canada's Q6: Compared to the situation before international trade,after Q6: Which of the following is a Canadian Q7: Table 31.1.2 Q8: Compared to the situation before international trade,after Q9: Table 31.1.1 Q11: Canada has a comparative advantage in producing Q32: A market is open to international trade.At 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
Glazeland's Doughnut Market
Glazeland's Doughnut Market
