menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Principles and Policy Study Set 1
  4. Exam
    Exam 35: International Trade and Comparative Advantage
  5. Question
    Trade Occurs Only When a Country Has an Absolute Advantage
Solved

Trade Occurs Only When a Country Has an Absolute Advantage

Question 175

Question 175

True/False

Trade occurs only when a country has an absolute advantage and not just a comparative advantage over another country.

Correct Answer:

verifed

Verified

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

Related Questions

Q161: Ideally, a free trade policy should be

Q167: Is the call for protection on the

Q172: Economists say that voluntary exchange makes both

Q174: <br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2282/.jpg" alt="

Q177: Workers in high-wage countries cannot improve their

Q178: Figure 22-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2282/.jpg" alt="Figure 22-7

Q179: Trade between nations usually means that<br>A)one country

Q179: <br> <br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2282/.jpg" alt="  

Q180: One nation can gain from an exchange

Q182: A country has a comparative advantage over

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