Two countries can achieve gains from trade even if one of, Ask an Expert

Economics

Answer the advantage true or false problems.

Elucidate in every case whether the following statements are true or false.

(i) "Two countries can achieve gains from trade even if one of the countries has an absolute advantage in the production of all goods."

(ii) " Extremely talented people have a comparative advantage in everything they do."

(iii) If a certain trade is good for one person, it can't be good for the other one."

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M916467

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