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Author Question: Consider the possibility of trade between countries. When opportunity costs are identical between ... (Read 40 times)

hannahmadyronde

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on: Oct 12, 2022
Consider the possibility of trade between countries. When opportunity costs are identical between two countries for all goods,
◦ there will be gains from trade for both countries if one country has an absolute advantage in the production of some commodity.
◦ absolute advantages will determine the gains from trade.
◦ there will be absolute gains from trade but no comparative gains from trade.
◦ international trade will be advantageous only to the country that has an absolute advantage in the production of some commodity.
◦ there can be no gains from trade unless there are economies of scale in some of the products.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by hannahmadyronde on Oct 12, 2022

aublw

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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.
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hannahmadyronde

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

ryhom

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Reply 3 on: Yesterday
Excellent

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