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Economics - Financial Markets 15 Online
OpenStudy (anonymous):

What is the law of comparative advantage? a. A country is better off producing goods and services that they have a comparative advantage supplying. b. A country that supplies things for others has a comparative advantage in trade. c. A country has a comparative advantage if it produces goods for export. d. A country's greatest advantage is in the import of goods that it cannot produce.

OpenStudy (anonymous):

Comparative advantage means that a country is better off producing goods and services at a lower marginal and opportunity cost. The answer would be A

OpenStudy (anonymous):

thank you

OpenStudy (anonymous):

anytime :)

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