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Author Question: International trade on the basis of comparative advantage maximizes world output and allows ... (Read 38 times)

sjones

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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


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xMRAZ

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


sjones

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Reply 2 on: Jun 30, 2018
Wow, this really help

cpetit11

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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