Multiple Choice
Suppose Guatemala has an absolute advantage over other countries in producing sugar,but other countries have a comparative advantage over Guatemala in producing sugar.If trade in sugar is allowed,Guatemala
A) will import sugar.
B) will export sugar.
C) will either export sugar or export sugar, but it is not clear from the given information.
D) would have nothing to gain either from exporting or importing sugar.
Correct Answer:
Verified
Correct Answer:
Verified
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