Which of the following is a statement that supports the theory of comparative advantage?
A) International trade is a zero-sum gain where one nation's gain is another's loss.
B) Domestic industries are at risk when a country engages in free trade.
C) A country should maintain trade surplus to succeed in global trade.
D) Global production is greater with free trade than it is with restricted trade.
Correct Answer:
Verified
Q35: Which of the following theories emphasizes the
Q42: Country A exports electronic goods from Country
Q44: According to Adam Smith, a country should
Q45: Country A can produce product X, but
Q46: A country has an absolute advantage in
Q47: Which of the following refers to a
Q49: Which of the following is a theory
Q51: Which of the following observations is consistent
Q67: New trade theory suggests that nations
A) increase
Q89: The theories of international trade claim that
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