Answered: The United States has an absolute…

The United States has an absolute advantage in the production of many things. Why is it sometimes more efficient to import items in which the United States has an absolute advantage?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter33: International Trade

Section: Chapter Questions

Problem 17CTQ: Are differences in geography behind the differences in absolute advantages?

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The United States has an absolute advantage in the production of many things. Why is it sometimes more efficient to import items in which the United States has an absolute advantage?

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