Question
When one of two countries has an absolute advantage in the production of all products,then it should __________. a. should survive best in isolation b.
When one of two countries has an absolute advantage in the production of all products,then it should __________.
| a. | should survive best in isolation | |
| b. | raise its tariffs to support protectionism and help its consumers | |
| c. | never trade with the less efficient country | |
| d. | promote trade so that consumers in both countries can consume more |
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Modeling Monetary Economies
Authors: Bruce Champ, Scott Freeman, Joseph Haslag
4th Edition
1316508671, 1316508676, 9781316723302 , 978-1107145221
