According to the doctrine of comparative advantage, the only instance of trade between countries A and B not benefiting both is
a. when A produces only one type of good.
b. when A's domestic market is much larger than B's.
c. when both A and B produce exactly the same goods.
d. when B can produce everything more efficiently than A.
e. when A has access to cheaper raw materials than B.
Answer: e
Political Science
You might also like to view...
The degree to which citizens willingly accept the state's sovereign authority to use power is known as ________
A. legitimacy B. sustainability C. manifesto D. collective efficacy E. theocracy
Political Science
Dag Hammarskjöld, secretary general of the United Nations from 1953 to 1961, was a major architect of ________.
a. arbitration b. collective security c. trusteeship d. preventive diplomacy
Political Science