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If the rest of the world has a comparative advantage in producing T-shirts, is the world price of a T-shirt higher, lower, or the same
If the rest of the world has a comparative advantage in producing T-shirts, is the world price of a T-shirt higher, lower, or the same as the U.S. price (a) with no international trade, and (b) with international trade? With no international trade, the world price is ______, and with international trade, it is ______ the U.S. price. A. higher; the same as B. higher; lower than C. lower; lower than D. lower; the same as
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