Question
When two countries specialize in the production of different goods and trade with eachother, it is most likely each country will A. import the goods
When two countries specialize in the production of different goods and trade with eachother, it is most likely each country will
A.import the goods in which it has an absolute advantage.
B.export the goods in which it has an absolute advantage.
C.export the goods in which it has a comparative advantage.
D.import the goods in which it has a comparative advantage.
The idea of comparative advantage is related to
A.engineering efficiency.
B.the idea of opportunity cost.
C.using the worker with the most diverse sets of skills.
D.the idea of absolute advantage.
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