Question: If international trade between two countries followed comparative advantage, a country _____. a. would never import the good it was relatively good at producing b.

If international trade between two countries followed comparative advantage, a country _____.

a. would never import the good it was relatively good at producing

b. would never export the good it was relatively good at producing

c. would only produce the good it was relatively good at producing (please note, this is incorrect)

d. would never produce a good it was relatively bad at producing

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related Economics Questions!