Business
Business, 23.09.2019 17:30, careykrysta

At one time, most of the watches produced in germany were sold in germany. today, however, germany both exports and imports watches. how could comparative advantage explain these data? select the correct answer below: it cannot; comparative advantage predicts that a country either exports a product or imports it, not both. the pattern is not due to comparative advantage but to government restrictions on production. germany has a comparative disadvantage in watches. germany specializes in the production of high-end watches, which it exports, and imports low-end watches that can be produced at lower cost elsewhere.

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