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Which of the following statements is true? A.International trade does not reflect the benefits of specialization. B.A nation should specialize in producing a good in
Which of the following statements is true?
- A.International trade does not reflect the benefits of specialization.
- B.A nation should specialize in producing a good in which it has an absolute advantage.
- C.A nation should specialize in producing a good in which it has a comparative advantage.
- D.A nation should specialize in producing a good only when it has both an absolute and a comparative advantage.
- E.Exports tend to decrease economic efficiency.
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