Business
Business, 28.07.2019 17:00, lexylexy8583

As long as countries only produce goods in which they have a comparative advantage and trade those goods for ones in which they do not have a comparative advantage, everyone gains and no one loses as a result of international trade a. true b. false

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Business, 09.09.2019 16:30, cutiecat66
Select the correct definition of the term "comparative advantage." a. the ability to produce a good or service at a higher opportunity cost than another b. the ability to produce a good or service at a lower opportunity cost than another c. the ability to produce less of a good or service than another over a specified time period d. a nation offering more favorable trade policy with its allies than with other countries e. the ability to produce more of a good or service than another over a specified time period when trading with more developed countries, a. less developed countries have a comparative advantage in the production of all goods or services. b. less developed countries do not have a comparative advantage in the production of any goods or services. c. less developed countries have a comparative advantage in the production of some goods or services.
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Business, 10.09.2019 20:10, iwhi8131
Select the correct definition of the term "comparative advantage." the ability to produce a good or service at a higher opportunity cost than another the ability to produce a good or service at a lower opportunity cost than another the ability to produce less of a good or service than another over a specified time period a nation offering more favorable trade policy with its allies than with other countries the ability to produce more of a good or service than another over a specified time period when trading with more developed countries, less developed countries have a comparative advantage in the production of all goods or services. less developed countries do not have a comparative advantage in the production of any goods or services. less developed countries have a comparative advantage in the production of some goods or services.
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Business, 12.09.2019 00:10, breannaasmith1122
The principle of comparative advantage indicates that trade is a zero-sum activity. a nation can gain by specializing in the production of the goods it can produce at a low opportunity cost and trade for goods it can produce only at a high cost. comparative advantage applies to nations and not individuals.
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