table below, which shows the number of shells and fish that workers in the hypothetical countries...

 

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table below, which shows the number of shells and fish that workers in the hypothetical countries of Bismarck and Lusitania can produce in a day. Worker in Bismarck Worker in Lusitania Shells 3 Fish 1 2 4 Which statement is true about trade between Bismarck and Lusitania? A. The government of Bismarck has an incentive to place a high tariff on shells from Bismarck. B. Companies in Bismarck will specialize in producing fish. C. Consumers in Lusitania pay lower prices for shells than do consumers in Bismarck. D. Workers in Lusitania have a comparative advantage in the production of fish. table below, which shows the number of shells and fish that workers in the hypothetical countries of Bismarck and Lusitania can produce in a day. Worker in Bismarck Worker in Lusitania Shells 3 Fish 1 2 4 Which statement is true about trade between Bismarck and Lusitania? A. The government of Bismarck has an incentive to place a high tariff on shells from Bismarck. B. Companies in Bismarck will specialize in producing fish. C. Consumers in Lusitania pay lower prices for shells than do consumers in Bismarck. D. Workers in Lusitania have a comparative advantage in the production of fish.

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The detailed answer for the above question is provided below The correct statement about trade between Bismarck and Lusitania is D Workers in Lusitani... View the full answer