Multiple Choice
The principle of comparative advantage does not provide answers to certain questions.One of those questions is as follows:
A) Do specialization and trade benefit more than one party to a trade?
B) Is it absolute advantage or comparative advantage that really matters?
C) How are the gains from trade shared among the parties to a trade?
D) Is it possible for specialization and trade to increase total output of traded goods?
Correct Answer:
Verified
Correct Answer:
Verified
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