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 80 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
Great answer, keep it coming :)

« previous next »
 

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

The FDA recognizes 118 routes of administration.

Ivory trade in East Africa during the 1880s and 1890s Ivory trade in East Africa during the 1880s and 1890s
A second jetliner approaches the south tower of the World Trade Center on September 11, 2001. The no A second jetliner approaches the south tower of the World Trade Center on September 11, 2001. The no
Strength Gains: Based on Sets and Repetitions Strength Gains: Based on Sets and Repetitions
How to solve inequalities involving absolute values (Part 2) How to solve inequalities involving absolute values (Part 2)
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
Calculus help: Find the absolute minimum and absolute maximum f(x) = (x2 —1) on [-1.2] Calculus help: Find the absolute minimum and absolute maximum f(x) = (x2 —1) on [-1.2]
Video: Primary Active Transport - electrochemical gradient and ion transport / water movement

For a complete list of videos, visit our video library