This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Consider the gains from trade. What is the best definition of "absolute advantage"? (Read 91 times)

903f23fj0

  • Full Member
  • ***
  • Posts: 151
on: Oct 12, 2022
Consider the gains from trade. What is the best definition of "absolute advantage"?
◦ There will be no benefits from trade between two nations.
◦ Engaging in trade is always to the absolute advantage of one party to the transaction.
◦ Trade fosters the self-sufficiency of nations.
◦ A situation where one country can produce one unit of a given product with fewer resources than the other country.
◦ A situation where one country can produce one unit of all goods with fewer resources than can another country.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by 903f23fj0 on Oct 12, 2022

Sha

  • Full Member
  • ***
  • Posts: 179
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly


903f23fj0

  • Member
  • Posts: 151
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

tranoy

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Like most world-changing inventions, the printing press of fifteenth-century Europe took advantage o Like most world-changing inventions, the printing press of fifteenth-century Europe took advantage o
How to solve inequalities involving absolute values (Part 2) How to solve inequalities involving absolute values (Part 2)
Controlling access to water in order to gain political and strategic advantage in Gaza Controlling access to water in order to gain political and strategic advantage in Gaza
The Definition of Intelligence The Definition of Intelligence
The Definition of Intelligence The Definition of Intelligence
What is the definition of reticulate speciation? What is the definition of reticulate speciation?
Video: Automated external defibrillator (AED)

For a complete list of videos, visit our video library