Question: 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

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.

Step by Step Solution

3.38 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

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

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (2 attachments)

PDF file Icon

1438_6054778b0e4a4_651497.pdf

180 KBs PDF File

Word file Icon

1438_6054778b0e4a4_651497.docx

120 KBs Word File

Students Have Also Explored These Related Microeconomics Principles Questions!