A country can benefit by indulging in international trade when:

a. it produces a good in which it has absolute disadvantage.
b. it produces a good in which its trading partner has an absolute advantage.
c. it produces a good in which it has comparative advantage.
d. it produces all the goods which are supported by its resources.
e. it produces nothing and merely depends on foreign imports.

c

Economics

You might also like to view...

Yesterday, the dollar was trading in the foreign exchange market at 1.10 euros per dollar. Today, the dollar is trading at 1.20 euros per dollar

The dollar has ________ and a possible reason for the change is ________ in the expected future exchange rate. A) appreciated; because there has been no change B) depreciated; a decrease C) appreciated; a decrease D) appreciated; an increase E) depreciated; an increase

Economics

Hyperinflation in the US is caused mostly by

a. excessive money supply growth b. Contractionary monetary policy c. a "weak" or depreciated dollar d. US trade barriers, such as tariffs and import quotas

Economics