Comparative advantage explains why a nation will benefit from ...

[sc00by25]

Comparative advantage explains why a nation will benefit from trade when:
 a. it exports more than it imports.
  b. its trading partners are experiencing offsetting losses.
  c. it exports goods for which it is a high-opportunity cost producer, while importing those for which it is a low-opportunity cost producer.
  d. it exports goods for which it is a low-opportunity cost producer, while importing those for which it is a high-opportunity cost producer.

Question 2

Cost-push inflation is caused by too much money chasing too few goods.
 a. True
  b. False
  Indicate whether the statement is true or false

[daiying98]

Answer to Question 1

d

Answer to Question 2

False

[sc00by25]

Gracias!

[zacnyjessica]

Excellent