Author Question: Trade occurs when a country has an absolute advantage and not just a comparative advantage over ... (Read 120 times)

notis

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Trade occurs when a country has an absolute advantage and not just a comparative advantage over another country.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Countries tend to export different goods and services because of:
 a. differences in their comparative advantages.
  b. differences in tastes and technological needs.
  c. differences in income.
  d. similarities in resource endowment.
  e. differences in the exchange rates.



Meganchabluk

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  • Posts: 301
Answer to Question 1

False

Answer to Question 2

a



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