In the Classical (Ricardo) analysis a. if a country has an absolute advantage in a good, it

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In the Classical (Ricardo) analysis

a. if a country has an absolute advantage in a good, it also has a comparative advantage in the good.

b. if a country has a comparative advantage in a good, it cannot have an absolute advantage in the good.

c. a country can have a comparative advantage in a good at the same time that it has an absolute advantage in that good.

d. a country with an absolute advantage in all goods cannot gain from trade.

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Posted Date: Dec 21, 2022 11:17 PM

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In the Classical (Ricardo) analysis a. if a country has an absolute advantage in a good, it

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