When a nation exports a good or service in which it has a comparative advantage, production of the good or service

A) decreases.
B) stays the same.
C) increases.
D) might change, but more information about what the country imports is needed to determine if production increases, decreases, or does not change.
E) might change, but more information about what else the country exports is needed to determine if production increases, decreases, or does not change.

C

Economics

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Left unregulated, the equilibrium amount produced in the market described in the table above is

A) 550 units. B) 600 units. C) 650 units. D) 700 units.

Economics

What is the definition of the output gap?

What will be an ideal response?

Economics