The comparative advantage theory holds that a country will gain ...

[crazycityslicker]

The comparative advantage theory holds that a country will gain from trade even though it can produce all goods more efficiently than other countries.
 
  Indicate whether the statement is true or false

Question 2

In the foreign-exchange market, the bid is the rate at which ________.
 
  A) the trader is willing to sell foreign exchange
  B) the buyer is willing to swap foreign exchange
  C) the trader is willing to buy foreign exchange
  D) the trader earns a profit

Question 3

In societies where trust is high, there tends to be a lower cost of doing business.
 
  Indicate whether the statement is true or false

[DHRUVSHAH]

Answer to Question 1

TRUE

Answer to Question 2

Saved me massive time.

Answer to Question 3

TRUE