Author Question: By implementing policies called for by the theory of comparative advantage, what is meant to happen ... (Read 59 times)

Alygatorr01285 · **on:** Sep 4, 2018

By implementing policies called for by the theory of comparative advantage, what is meant to happen between the two countries?

a. One country is able to out produce and sell more than the other country
b. Production increases in one country while consumption decreases in the other
c. Consumption drops in both countries while production remains constant
d. Consumption increases in both countries

Question 2

Approximately what percentage of the clothing sold in the United States is manufactured elsewhere?

a. 35 percent
b. 50 percent
c. 75 percent
d. 98 percent