Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a country has the absolute advantage in all goods, does this country does not have to worry about trade? Group of answer choices It

If a country has the absolute advantage in all goods, does this country does not have to worry about trade? Group of answer choices It doesn't need to worry about trade because trade depends on comparative advantage. It doesn't have to worry about because it can produce all of its needs. It does need to worry about trade because it has the highest opportunity costs. None of these answers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Ethics A Stakeholder And Issues Management Approach

Authors: Joseph W. Weiss

7th Edition

1523091541, 978-1523091546

Students also viewed these Economics questions

Question

What is a budget? (p. 314)

Answered: 1 week ago