Table 3-4

-Refer to the table.If Alberta and Manitoba trade based on the principle of comparative advantage,what will happen
A)All individuals in both provinces will gain.
B)No one in either province will gain.
C)Some individuals within both provinces will be made worse off.
D)One province will be better off, and the other province will be worse off.

Question

Table 3-4
 
-Refer to the table.If Alberta and Manitoba trade based on the principle of comparative advantage,what will happen
A)All individuals in both provinces will gain. 
B)No one in either province will gain. 
C)Some individuals within both provinces will be made worse off. 
D)One province will be better off, and the other province will be worse off.

Quizplus · Accepted Answer

While the overall economy of both provinces may benefit from trade based on comparative advantage, some individuals or industries within each province may be negatively affected due to increased competition or changes in demand.

Table 3-4 -Refer to the Table.If Alberta and Manitoba Trade Based on Manitoba