Which statement is true? a) Comparative advantage is not necessary for trade to take place, but absolute

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Which statement is true?

a) Comparative advantage is not necessary for trade to take place, but absolute advantage is.

b) Absolute advantage is not necessary for trade to take place, but comparative advantage is.

c) Both absolute and comparative advantage are necessary for trade to take place.

d) Neither absolute nor comparative advantage is necessary for trade to take place.

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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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Which statement is true? a) Comparative advantage is not necessary for trade to take place, but absolute

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Microeconomics

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