A nation should specialize in the production of the product for which it has a(n):
a. absolute advantage.
b. exchange rate.
c. specialization.
d. comparative advantage.
e. terms of trade.
d
Economics
You might also like to view...
Consumers will spend a higher proportion of a one-time bonus than they would of a permanent salary increase
Indicate whether the statement is true or false
Economics
All of the following are traditional economic views except:
A. there is no such thing as a bad choice. B. choice architecture is ineffective. C. revealed preference shows researchers what the bad choices are. D. choice architects have a responsibility to remain neutral when it comes to choices.
Economics