Multiple Choice
Jamaica has a comparative advantage in the production of aluminum,but currently allows no international trade in aluminum.We can conclude that
A) the domestic price of aluminum in Jamaica is higher than the world price for aluminum.
B) Jamaica has an absolute advantage in the production of aluminum.
C) Jamaica should import aluminum.
D) the domestic price of aluminum in Jamaica is lower than the world price for aluminum.
Correct Answer:
Verified
Correct Answer:
Verified
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