Solved

If in a Two-Nation (A and B),two-Commodity (X and Y)world,it

Question 6

Multiple Choice

If in a two-nation (A and B) ,two-commodity (X and Y) world,it is established that nation A has a comparative advantage in commodity X,then nation B must have:


A) an absolute advantage in commodity Y
B) an absolute disadvantage in commodity Y
C) a comparative disadvantage in commodity Y
D) a comparative advantage in commodity Y

Correct Answer:

verifed

Verified

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

Related Questions