All of the following are true EXCEPT

A) trade between two nations reduces their opportunity costs.
B) trade makes nations dependent on each other.
C) trade between nations will not benefit all citizens.
D) the principle of comparative advantage does not apply to countries with limited resources.

D

Economics

You might also like to view...

What is an economic variable?

What will be an ideal response?

Economics

The optimal bidding strategy for an oral auction is

a. To shade your bid below your true value and drop out well before it is reached b. To shade your bid below your true value and drop out just when the shaded amount is reached c. To bid drop out when the bidding exceeds your true value d. To size up your competition to determine how much to shade your bid

Economics