If a country has few resources:
A) trade will never occur.
B) trade will not increase the GDP.
C) it will still have a comparative advantage in something.
D) specialization would be useless.
Correct Answer:
Verified
Q185: To gain from trade,a country should:
A) always
Q186: Use the following to answer questions
Figure:
Q187: The United States can grow wheat more
Q190: Use the following to answer questions
Figure:
Q191: Use the following to answer questions
Figure:
Q192: Comparative advantage exists when one country can
Q193: Comparative advantage arises because:
A) all resources are
Q194: Suppose that if the United States produced
Q211: The law of comparative advantage suggests that
A)
Q238: International trade
A) increases consumer prices.
B) increases consumption
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