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:

Verified
Correct Answer:
Verified
Q11: Given the following Ricardo-type table shows
Q12: Given the following Ricardo-type table showing
Q13: Suppose that the pre-trade price ratio is
Q14: If, in a two-commodity, two-country Classical world,
Q15: In Question #22 above,<br>A) if the United
Q17: If a country's relative price of X
Q18: Given the following Ricardo-type table shows
Q19: Is it possible for trade to take
Q20: As a country moves from autarky to
Q21: Which one of the following is NOT