Comparative advantage explains how two nations can benefit from trade

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

True

Economics

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If a scale economy is the dominant technological factor defining or establishing comparative advantage, then the underlying facts explaining why a particular country dominates world markets in some product may be pure chance, or historical accident

Explain, and compare this with the answer you would give for the Heckscher-Ohlin model of comparative advantage.

Economics

Which of the following is not a tax-deferred saving method?

a. IRAs b. Keogh plans c. 403(b) plans d. Kemp IRA

Economics