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Author Question: There will be no gains from specialization and trade between two countries if1) neither country has ... (Read 44 times)

meganh99

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on: Oct 12, 2022

Question 1

The principle of comparative advantage was first formulated in the 18th century by
◦ Karl Marx.
◦ Adam Smith.
◦ David Hume.
◦ David Ricardo.
◦ Thomas Malthus.

Question 2

There will be no gains from specialization and trade between two countries if
1) neither country has an absolute advantage in the production of any good;
2) neither country has a comparative advantage in the production of any good;
3) opportunity costs are the same in the two countries.
◦ 1 only
◦ 2 only
◦ 3 only
◦ 1 and 2
◦ 2 and 3
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by meganh99 on Oct 12, 2022

khammond77

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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.
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meganh99

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Reply 2 on: Oct 12, 2022
Wow, this really help

tkempin

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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