True or False: If Country B has an absolute advantage over Country A in producing bicycles, it

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True or False: If Country B has an absolute advantage over Country A in producing bicycles, it will also have a comparative advantage over Country A in producing bicycles.

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Microeconomics Principles, Problems and Policies

ISBN: 978-1259450242

20th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn

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Question Posted: Apr 24, 2018 03:06 AM

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True or False: If Country B has an absolute advantage over Country A in producing bicycles, it

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Answer False Feedback This statement is false because the possession of an absolute advantage does n...View the full answer

Microeconomics Principles, Problems and Policies

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