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BrendanOO7 BrendanOO7
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6 years ago
Which of the following statements is NOT an implication of the law of comparative advantage?
A) With sufficiently cheap labor, a nation (say China) could have a competitive advantage in producing and selling all goods to other nations.
B) Individuals have an economic incentive to specialize in producing goods or services in which they have a comparative advantage.
C) No nation can produce all goods comparatively cheaper than other nations.
D) All persons trading goods can have more of all goods.
Textbook 
Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
Authors:
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alanialani
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6 years ago
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