This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Consider the gains from trade. What is the best definition of "absolute advantage"? (Read 84 times)

903f23fj0

  • Full Member
  • ***
  • Posts: 151
on: Oct 12, 2022
Consider the gains from trade. What is the best definition of "absolute advantage"?
◦ There will be no benefits from trade between two nations.
◦ Engaging in trade is always to the absolute advantage of one party to the transaction.
◦ Trade fosters the self-sufficiency of nations.
◦ A situation where one country can produce one unit of a given product with fewer resources than the other country.
◦ A situation where one country can produce one unit of all goods with fewer resources than can another country.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by 903f23fj0 on Oct 12, 2022

Sha

  • Full Member
  • ***
  • Posts: 179
Reply #1 on: Oct 12, 2022
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.
Answer Preview
Only 35% of students answer this correctly


903f23fj0

  • Member
  • Posts: 151
Reply 2 on: Oct 12, 2022
Gracias!

Missbam101

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

How to solve equations involving absolute values How to solve equations involving absolute values
How to solve inequalities involving absolute values (Part 1) How to solve inequalities involving absolute values (Part 1)
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
The Definition of Intelligence (1 of 3) The Definition of Intelligence (1 of 3)
Absolute Stability Absolute Stability
The Definition of Intelligence The Definition of Intelligence
Video: Proteins

For a complete list of videos, visit our video library