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