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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Can a nation’s comparative advantage change over time? What factors would make it change?

To determine

To state: The factors that explains whether a comparative advantage can change over time or not.

Explanation

The comparative advantage can be changed over the time depending on some factors. So, yes, comparative advantages can be changed.

The factors which explain such changes are:

  • The development in the skill of the people of the economy fo...

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