Suppose Jamaica has an absolute advantage over other countries in producing sugar, but other countries have a comparative advantage over Jamaica in producing sugar. If trade in sugar is allowed, Jamaica
a. will import sugar.
b. will export sugar.
c. will either import sugar or export sugar, but it is not clear from the given information.
d. would have nothing to gain either from exporting or importing sugar.
a
Economics
You might also like to view...
When the market estimate of a company's riskiness decreases the market adjusts by
a. having the supply of that bond increase. b. having the supply of that bond decrease. c. having the demand for that bond increase. d. having the demand for that bond decrease.
Economics
The narrowest definition of money is called ________
a. "L" money b. M2 c. M1 d. time deposits
Economics