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Author Question: When countries specialize in producing those goods in which they have a comparative advantage, they (Read 111 times)

vinney12

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on: Apr 19, 2019

Question 1

According to comparative advantage, trade between two countries


◦ maximizes the amount of inputs that are used in the production of all products.
◦ guarantees that consumption levels will be equal in the two countries.
◦ will benefit all the industries in each of the countries.
◦ allows each of the trading countries to allocate its resources most efficiently.

Question 2

When countries specialize in producing those goods in which they have a comparative advantage, they


◦ maximize their combined output, but they do not necessarily allocate their resources more efficiently.
◦ maximize their combined output and allocate their resources more efficiently.
◦ allocate their resources more efficiently, but they do not necessarily maximize their combined output.
◦ do not necessarily maximize their combined output, and they also do not necessarily allocate their resources more efficiently.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by vinney12 on Apr 19, 2019

voltaire123

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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vinney12

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Reply #2 on: Apr 19, 2019
Thank you!


voltaire123

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Reply #3 on: Apr 19, 2019
Always glad to help...


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