price-fixing. O horizontal mergers. QUESTION 25 2 po Which of the following stat

Question

price-fixing. O horizontal mergers. QUESTION 25 2 po Which of the following statements is true? O Comparative advantage means that total world output will be greatest when each good is produced by the nation that O Comparative advantage means that a nation can gain from trade only if it has a lower labor productivity than its trading O Specialization will be complete among nations when opportunity costs increase as the nations produce more of a 0 specialization will be less than complete among nations when opportunity costs increase as the nations produce more of has the highest domestic opportunity cost of producing it partner particular product a particular product Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Type here to searc up

Explanation / Answer

Ans is D

Comaparative advantage means both nation can benefit if nation produces a good in which it has lower opportunity cost.

However specialisation is incomplete if opportunity cost increases as we increase production

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.