Q)When countries trade based on absolute advantage or comparative advantage, a. both import and export sectors tend to contract. b. both import and export sectors tend to expand. c. import sector tends to expand and export sector tends to contract. d. import sector tends to contract and export sector tends to expand. Explains it correctly and not use copy paste solution
Q)When countries trade based on absolute advantage or comparative advantage, a. both import and export sectors tend to contract. b. both import and export sectors tend to expand. c. import sector tends to expand and export sector tends to contract. d. import sector tends to contract and export sector tends to expand. Explains it correctly and not use copy paste solution
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter34: Globalization And Protectionism
Section: Chapter Questions
Problem 52CTQ: In principle, the benefits of international trade to a country exceed the costs, no matter whether...
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Q)When countries trade based on
a. both import and export sectors tend to contract.
b. both import and export sectors tend to expand.
c. import sector tends to expand and export sector tends to contract.
d. import sector tends to contract and export sector tends to expand.
Explains it correctly and not use copy paste solution
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