Question
In the Classical (Ricardo) analysis a. if a country has an absolute advantage in a good, it also has a comparative advantage in the good.
In the Classical (Ricardo) analysis
a. if a country has an absolute advantage in a good, it also has a comparative advantage in the good.
b. if a country has a comparative advantage in a good, it cannot have an absolute advantage in the good.
c. a country can have a comparative advantage in a good at the same time that it has an absolute advantage in that good.
d. a country with an absolute advantage in all goods cannot gain from trade.
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
