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.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter21: International Trade

Section: Chapter Questions

Problem 3QP

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