Countries that trade on the basis of comparative advantage have __________ than countries that do not. higher production costs and transportation costs. more goods and services available to them. a lower standard of living. lower levels of labor productivity. lower levels of product quality from which to choose.
Countries that trade on the basis of comparative advantage have __________ than countries that do not. higher production costs and transportation costs. more goods and services available to them. a lower standard of living. lower levels of labor productivity. lower levels of product quality from which to choose.
Chapter28: International Trade
Section: Chapter Questions
Problem 7P
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Countries that trade on the basis of comparative advantage have __________ than countries that do not.
higher production costs and transportation costs.
more goods and services available to them.
a lower standard of living.
lower levels of labor productivity.
lower levels of product quality from which to choose.
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