Solved

Producers Who Have Absolute Advantages in All Goods

Question 174

Multiple Choice

Producers who have absolute advantages in all goods:


A) cannot exist.
B) have no use for trade.
C) are better off specializing in their comparative advantages and trading for other goods.
D) should avoid the global division of labor because it is counterproductive for them.

Correct Answer:

verifed

Verified

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

Related Questions