Solved

In the Classical (Ricardo) Analysis

Question 16

Multiple Choice

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.

Correct Answer:

verifed

Verified

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

Related Questions