Question
According to international trade theory, which goods should a country import or export? a. It should import goods in which it has an absolute advantage.
According to international trade theory, which goods should a country import or export?
a. It should import goods in which it has an absolute advantage.
b. It should export goods in which it has an absolute advantage.
c. It should export goods in which it has a comparative advantage.
d. It should import goods in which it has an comparative advantage.
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Understanding Business
Authors: William NickelsJames McHughSusan McHugh
12th Edition
1259929434, 9781259929434
