A country that has advantage in production of a good should in production of this good. а. absolute advantage; not specialize b. comparative advantage; not specialize c. comparative advantage; not get involved in international trade and specialize. O d. comparative advantage; specialize e. absolute advantage: specialize

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter17: International Trade
Section: Chapter Questions
Problem 1.2P
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A country that has
advantage in production of a good should
in production of this good.
a. absolute advantage; not specialize
b. comparative advantage; not specialize
c. comparative advantage; not get involved in international trade and
specialize.
d. comparative advantage; specialize
e. absolute advantage; specialize
Transcribed Image Text:A country that has advantage in production of a good should in production of this good. a. absolute advantage; not specialize b. comparative advantage; not specialize c. comparative advantage; not get involved in international trade and specialize. d. comparative advantage; specialize e. absolute advantage; specialize
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