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Lighting2551 Lighting2551
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5 years ago
According to comparative advantage, a nation should

• Import only the goods where the nation has a disadvantage.

• Not produce any goods if the nation is at relative disadvantage.

• Specialize in the production of the good with the least disadvantage.

• Not import any goods if it does not have a relative disadvantage.
Textbook 
Introduction to Agricultural Economics

Introduction to Agricultural Economics


Edition: 7th
Authors:
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crdsacrdsa
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5 years ago
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Lighting2551 Author
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5 years ago
Good timing, thanks!
kriggs62
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Yesterday
Thank you, thank you, thank you!
apelton
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2 hours ago
Thanks
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