According to comparative advantage, a nation should
A) Specialize in the production of the good with the least disadvantage.
B) Not import any goods if it does not have a relative disadvantage.
C) Import only the goods where the nation has a disadvantage.
D) Not produce any goods if the nation is at relative disadvantage.
Answer: A
Economics
You might also like to view...
What will happen to the demand for Nabisco brand Chips Ahoy! chocolate chip cookies if Pillsbury introduces ready-to-eat chocolate macadamia nut cookies?
Economics
Based on the following graph, what is the price of Y?
The consumer's income is $600.
A. $4 B. $6 C. $8 D. $0.25 E. none of the above
Economics