If there is no comparative advantage between two countries: Select one: a. One country must be more
Question:
a. One country must be more productive in producing all goods than the other.
b. The benefits resulting from trade are increased.
c. There are no gains from specialization and trade.
d. Each country should specialize in the production of a particular commodity.
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Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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