True/False
A nation must have an absolute advantage in order to have a comparative advantage in producing a good or service.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q39: Assume that both the United States and
Q40: Suppose that Paraguay can produce 12 wheat
Q41: All of the following are true EXCEPT<br>A)trade
Q42: Which economist introduced the simple trade model
Q43: With trade,the slope of the Consumption Possibilities
Q45: The United States' comparative advantage over Japan
Q46: Suppose Mexico can produce 5 autos or
Q47: If a nation is more productive than
Q48: Explain why government actions that make industries
Q49: The nation as a whole is better