menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Study Set 17
  4. Exam
    Exam 7: Comparative Advantage and the Gains From International Trade
  5. Question
    If a Country Has an Absolute Advantage in Producing a Product,it
Solved

If a Country Has an Absolute Advantage in Producing a Product,it

Question 70

Question 70

True/False

If a country has an absolute advantage in producing a product,it may not have a comparative advantage in producing that product.

Correct Answer:

verifed

Verified

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

Related Questions

Q65: Figure 7-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 7-1

Q66: Figure 7-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 7-3

Q67: Assume that Finland and Latvia produce only

Q68: Figure 7-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 7-2

Q69: Today,the United States charges an average tariff

Q71: Figure 7-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 7-3

Q72: A tariff is the same as a

Q73: Table 7-6<br>Output per hour Production and Production<br>of

Q74: Table 7-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 7-2

Q75: Table 7-6<br>Output per hour Production and Production<br>of

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