menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics
  4. Exam
    Exam 19: Interdependence and the Gains From Trade
  5. Question
    If Italy Has an Absolute Advantage in the Production of an Item
Solved

If Italy Has an Absolute Advantage in the Production of an Item

Question 34

Question 34

True/False

If Italy has an absolute advantage in the production of an item, it must also have a comparative advantage in the production of that item.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q29: A tariff raises the price of a

Q30: Exhibit 3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7553/.jpg" alt="Exhibit 3

Q31: Opponents of free trade often argue that

Q32: If a nation has a comparative advantage

Q33: When a country allows trade and imports

Q35: Table 1 shows the units of

Q36: Exhibit 2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7553/.jpg" alt="Exhibit 2

Q37: If free trade is allowed, a country

Q39: Felipe is a tax accountant. He receives

Q78: Julia can fix a meal in 1

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines