22. If two persons are trading in two different categories, he would get best output from one and a little less from the other, this proce known as: a. Specialization O b. Comparative advantage O c. Gains from trade O d. Comparative disadvantage
22. If two persons are trading in two different categories, he would get best output from one and a little less from the other, this proce known as: a. Specialization O b. Comparative advantage O c. Gains from trade O d. Comparative disadvantage
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains From Trade
Section: Chapter Questions
Problem 5QR
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