Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following is a correct statement? Select one: a.you cannot have the comparative advantage in production if you already have the absolute advantage
Which of the following is a correct statement?
Select one:
a.you cannot have the comparative advantage in production if you already have the absolute advantage
b.you can have the comparative advantage in something even if you have the absolute advantage in nothing
c.if you have the absolute advantage in production, you will also have the comparative advantage
d.some people have the comparative advantage in everything.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started