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Prior to international trade, if country A has a lower price of product X than does country B, then ...

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Prior to international trade, if country A has a lower price of product X than does country B, then ...

Prior to international trade, if country A has a lower price of product X than does country B, then we know definitely that
A) country A has a comparative advantage in the production of product X.
B) country A has an absolute advantage in the production of product X.
C) country B has a comparative advantage in the production of product X.
D) country B has an absolute advantage in the production of product X.

Textbook

Foundations of Macroeconomics

Edition: 8^th

Authors: Bade, Parkin

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Studying economics @ Edinburgh U

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vellojo Author

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Studying economics @ Edinburgh U

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