True or False: If Country B has an absolute advantage over Country A in producing bicycles, it
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True or False: If Country B has an absolute advantage over Country A in producing bicycles, it will also have a comparative advantage over Country A in producing bicycles.
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Answer False Feedback This statement is false because the possession of an absolute advantage does n...View the full answer
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Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
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