According to the Absolute and Comparative Advantage, which option is correct? the country with absolute advantage has more benefits from international trade in comparison with a country with comparative advantage Existing absolute or comparative advantage creates benefit from international trade, but the share of each country from the benefit is related to the prices in the international markets
According to the Absolute and Comparative Advantage, which option is correct? the country with absolute advantage has more benefits from international trade in comparison with a country with comparative advantage Existing absolute or comparative advantage creates benefit from international trade, but the share of each country from the benefit is related to the prices in the international markets
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![QUESTION 9
According to the Absolute and
Comparative Advantage, which option is
correct?
the country with absolute
advantage has more benefits
from international trade in
comparison with a country
with comparative advantage
Existing absolute or
comparative advantage
creates benefit from
international trade, but the
share of each country from
the benefit is related to the
prices in the international
markets
Existing absolute or
comparative advantage
creates benefit from
international trade, but it is
possible that the benefits for
a country increases after the
trade and the benefits for
the another one decreases
the country with
comparative advantage has
more benefits from
international trade in
comparison with a country
with absolute advantage](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F478fd80d-c3bc-4d9e-b280-d325b50ec5d5%2Fd287201b-2cf5-476a-8ebf-981701a6c50c%2F1hohy0e_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 9
According to the Absolute and
Comparative Advantage, which option is
correct?
the country with absolute
advantage has more benefits
from international trade in
comparison with a country
with comparative advantage
Existing absolute or
comparative advantage
creates benefit from
international trade, but the
share of each country from
the benefit is related to the
prices in the international
markets
Existing absolute or
comparative advantage
creates benefit from
international trade, but it is
possible that the benefits for
a country increases after the
trade and the benefits for
the another one decreases
the country with
comparative advantage has
more benefits from
international trade in
comparison with a country
with absolute advantage
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