Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Hareplity Hareplity
wrote...
Go to Answer
Posts: 121
Rep: 0 0
A year ago
Consider the gains from trade. What is the best definition of "absolute advantage"?

▸ There will be no benefits from trade between two nations.

▸ Engaging in trade is always to the absolute advantage of one party to the transaction.

▸ Trade fosters the self-sufficiency of nations.

▸ A situation where one country can produce one unit of a given product with fewer resources than the other country.

▸ A situation where one country can produce one unit of all goods with fewer resources than can another country.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 37 times
1 Reply
Replies
Answer verified by a subject expert
callisonrcallisonr
wrote...
#1
Posts: 125
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Hareplity Author
wrote...

A year ago
This site is awesome
Ifekwunigwe
wrote...

Yesterday
Thank you, thank you, thank you!
nsak
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1295 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 134
  
 191
  
 301
Your Opinion
Do you believe in global warming?
Votes: 370
Previous poll results: What's your favorite funny biology word?