menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Introduction to International Economics
  4. Exam
    Exam 2: Comparative Advantage
  5. Question
    According to the Law of Comparative Advantage,the Less Efficient of the Two
Solved

According to the Law of Comparative Advantage,the Less Efficient of the Two

Question 21

Question 21

True/False

According to the law of comparative advantage,the less efficient of the two trading countries should specialize in and export the commodity in which it manages to have an absolute advantage.

Correct Answer:

verifed

Verified

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

Related Questions

Q16: The analysis of economic forces that justify

Q17: According to Adam Smith,in order for two

Q18: In the presence of trade,a nation's consumption

Q19: The production possibilities frontier shows the various

Q20: The increase in consumption in each nation

Q22: If wage in country A is

Q23: An important exception to the Laissez-faire policy

Q24: In the table below both countries

Q25: The Wealth of Nations was published in

Q26: Which of these economists considered absolute advantage

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