Author Question: When production does not proceed on the basis of comparative advantage, resources are expended on ... (Read 45 times)

DyllonKazuo · **on:** Jun 30, 2018

When production does not proceed on the basis of comparative advantage, resources are expended on their most efficient uses.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The world output is higher if the countries follow restrictive trade policies rather than free trade.
a. True
b. False
Indicate whether the statement is true or false