Author Question: International trade on the basis of comparative advantage maximizes world output and allows ... (Read 40 times)

sjones · **on:** Jun 30, 2018

International trade on the basis of comparative advantage maximizes world output and allows consumers to access better-quality products at lower prices than would be available in the domestic market alone.
a. True
b. False
Indicate whether the statement is true or false

Question 2

In reality international trade is determined solely by comparative advantage and the free market forces of supply and demand.
a. True
b. False
Indicate whether the statement is true or false