Operation on the basis of comparative advantages implies which of ...

[Beheh]

Operation on the basis of comparative advantages implies which of the following?
 
  (a) Countries allocate their resources across all sectors regardless of opportunity costs.
  (b) Countries will specialize even if they can produce everything.
  (c) Countries not efficient in any production should not trade.
  (d) none of the above.

Question 2

Regional specialization did not emerge in the colonies due to the small size of the cities and towns.
 
  Indicate whether the statement is true or false

[cuttiesgirl16]

Answer to Question 1

(b)

Answer to Question 2

False

[Beheh]

Thanks for the timely response, appreciate it

[covalentbond]

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