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Author Question: Trade occurs when a country has an absolute advantage and not just a comparative advantage over ... (Read 145 times)

notis

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

False

Answer to Question 2

a


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notis

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Reply #2 on: Jun 30, 2018
Correct answers!


Meganchabluk

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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