Question: If a nation does not have an absolute advantage in producing anything, it a.will try to get along without trade. b.will have a comparative advantage
If a nation does not have an absolute advantage in producing anything, it a.will try to get along without trade. b.will have a comparative advantage in the activity in which it is least inefficient. c.has no comparative advantage either. d.will export raw materials and import finished products
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
