Which of the following best represents the benefit of trade based on comparative advantage? Large countries will benefit, but small countries will be better off without trade. Countries with better technology cannot benefit by trading with countries that have less technology. Small countries will benefit at a cost to larger countries. Each country can buy a good at a cost that is less than what is would cost to produce the good in the home country.
Which of the following best represents the benefit of trade based on comparative advantage? Large countries will benefit, but small countries will be better off without trade. Countries with better technology cannot benefit by trading with countries that have less technology. Small countries will benefit at a cost to larger countries. Each country can buy a good at a cost that is less than what is would cost to produce the good in the home country.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter15: International Trade And Finance
Section: Chapter Questions
Problem 6SQ
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