A country will realize no gains from trade if

A) pre-trade and free-trade relative prices are identical.
B) all countries employ the same technology.
C) it does not have an absolute advantage in at least one good.
D) its wage exceeds the world average.
E) pre-trade and free-trade relative prices are not identical.

A

Economics

You might also like to view...

What are the official measures of money? Are all the measures really money?

What will be an ideal response?

Economics

Banks create money when they make loans

a. True b. False Indicate whether the statement is true or false

Economics