Multiple Choice
Assume,for Vietnam,that the domestic price of textiles without international trade is higher than the world price of textiles.This suggests that,in the production of textiles,
A) Vietnam has a comparative advantage over other countries and Vietnam will import textiles.
B) Vietnam has a comparative advantage over other countries and Vietnam will export textiles.
C) other countries have a comparative advantage over Vietnam and Vietnam will import textiles.
D) other countries have a comparative advantage over Vietnam and Vietnam will export textiles.
Correct Answer:
Verified
Correct Answer:
Verified
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