Question
Assume a nation has a comparative advantage in the production of clothing. If the value of this countrys currency increases, _____. a. its comparative advantage
Assume a nation has a comparative advantage in the production of clothing. If the value of this country’s currency increases, _____.
a. its comparative advantage will decrease
b. its comparative advantage will stay the same
c. its comparative advantage will increase
d. an absolute advantage will be created
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
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