True/False
It is possible for a nation not to have an absolute advantage in anything, but it is not possible for one nation to have a comparative advantage in everything and the other nation to have a comparative advantage in nothing.
Correct Answer:

Verified
Correct Answer:
Verified
Q186: With trade, a country will maximize its
Q187: Mercantilism refers to a system of restraints
Q188: Is it possible to estimate the gains
Q189: Complete specialization usually occurs under the assumption
Q190: The British economist G.MacDougall compared the labor
Q192: Outsourcing (offshoring)<br>A) harms the economy's domestic sectors.<br>B)
Q193: Given free trade, small nations tend to
Q194: Which American companies are participating in international
Q195: How does Southwest Airlines justify its outsourcing
Q196: Figure 2.2. Canadian Trade Possibilities<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7110/.jpg"