Solved

The Nation of Pineland Forbids International Trade

Question 59

Multiple Choice

The nation of Pineland forbids international trade.In Pineland,you can buy 1 pound of fish for 2 pounds of beef.In other countries,you can buy 1 pound of fish for 1.5 pounds of beef.These facts indicate that


A) Pineland has a comparative advantage,relative to other countries,in producing fish.
B) other countries have a comparative advantage,relative to Pineland,in producing beef.
C) the price of beef in Pineland exceeds the world price of beef.
D) if Pineland were to allow trade,it would import fish.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents