produce 5,000 bushels of corm, consume 7,000 bushels of corm, and import 2,000 b

Question

produce 5,000 bushels of corm, consume 7,000 bushels of corm, and import 2,000 bushels of com. Question 5 Not yet answered Points out of 1.00 P Flag quesion Which of the following factors is most significant in determining the pattern of international trade? Select one: O a. Absolute advantage Overpowering military strength C. Diplomatic expertise d. The size of a nation Comparative advantage Question 6 E Flag question Which of the following results in international specialization? Se ect one Differences in besefits that consumers and producers get froum domestic market exchange

Explanation / Answer

THe answer is E - ) Comparative advantage.

because Comparative advantage helps in determining the strength of a country to performing a single task. if a country A has lower opportunity in producing good A than a country B , than country A has comparative advantage in producing good A , thus the trade occur and country A export good A to country B . and vice-versa.

so comparative advantage is the most significant in detemining the pattern of international trade.

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

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