Business, 19.12.2019 04:31, parcess

If nation a has an absolute advantage over nation b in the production of a product, this implies that

a. it requires fewer resources in a to produce the good than in b.
b. the cost of producing the good in terms of some other good's production that must be sacrificed is lower in a than in b.
c. nation b could not benefit by engaging in trade with a.
d. nation a should acquire this product by trading with b.
e. nation a could not benefit by engaging in trade with b.

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If nation a has an absolute advantage over nation b in the production of a product, this implies tha...