menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Modern Principles Microeconomics
  4. Exam
    Exam 2: The Power of Trade and Comparative
  5. Question
    If a Country Has an Absolute Advantage in Both Items
Solved

If a Country Has an Absolute Advantage in Both Items

Question 157

Question 157

True/False

If a country has an absolute advantage in both items produced when compared to another country, there can never be any benefit for them to trade.

Correct Answer:

verifed

Verified

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

Related Questions

Q152: If you have a comparative advantage in

Q153: According to Adam Smith:<br>A) trade is a

Q154: Trade makes rich people richer and poor

Q155: Use the following to answer questions:<br>Figure: Coffee

Q156: An advantage to specialization is that it

Q158: Trade creates value by moving goods from

Q159: The production possibilities frontier shows all the

Q160: In the Star Trek: Deep Space Nine

Q161: The real cost of producing a good

Q162: Why do people specialize?<br>A) Specialization increases productivity.<br>B)

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