In order to obtain an efficient allocation of resources worldwide A. countries that have a lot of resources should ship resources to countries that do not have a lot of resources. O B. no trade among countries should occur. C. countries that have a lot of resources should not trade since poorer countries cannot compete. D. each country should produce the good they have a comparative advantage in and then trade.

In order to obtain an efficient allocation of resources worldwide A. countries that have a lot of resources should ship resources to countries that do not have a lot of resources. O B. no trade among countries should occur. C. countries that have a lot of resources should not trade since poorer countries cannot compete. D. each country should produce the good they have a comparative advantage in and then trade.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter28: International Trade

Section: Chapter Questions

Problem 2P

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