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greyfrost greyfrost
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A year ago
Suppose Canada could produce all goods and services more cheaply than all other countries. In that case,

▸ no trade would occur because Canada would have an absolute advantage in producing everything.

▸ trade would probably take place because Canada would still have a comparative disadvantage in producing some goods.

▸ no trade would occur because Canada would not have a comparative advantage in producing anything.

▸ trade would occur but only if other countries also have an absolute advantage.

▸ trade would occur but only if other countries subsidize the import of Canadian goods and services.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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Boba155Boba155
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A year ago
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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