In order for trade between two countries to take place, ___________. a) absolute advantage is necessary b)

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In order for trade between two countries to take place, ___________.

a) absolute advantage is necessary

b) comparative advantage is necessary

c) both absolute and comparative advantage are necessary

d) neither absolute nor comparative advantage is necessary.

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Mar 01, 2024 11:01 PM

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In order for trade between two countries to take place, ___________. a) absolute advantage is necessary b)

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Answer b Comparative advantage is necessary For trad...View the full answer

Microeconomics

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