menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    International Economics Study Set 2
  4. Exam
    Exam 3: Why Everybody Trades: Comparative Advantage
  5. Question
    In a Two-Country Two-Commodity Model, If a Country Has Higher
Solved

In a Two-Country Two-Commodity Model, If a Country Has Higher

Question 19

Question 19

True/False

In a two-country two-commodity model, if a country has higher labor productivity in producing both the goods, it must produce and export both the goods to the other country.

Correct Answer:

verifed

Verified

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

Related Questions

Q14: Adam Smith's theory of absolute advantage is

Q15: The table given below shows the

Q16: Vintland and Moonited Republic produce wine and

Q17: Explain how products produced by high-wage workers

Q18: Consider a two-country, two-commodity model. The

Q20: Mercantilists believed that a country gains from

Q21: Arbitrage is the act of buying at

Q22: The figure given below shows the production

Q23: If country X has a higher labor

Q24: Consider a two-country, two-commodity model. The

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