Are the following statements true or false? Explain A) Two countries can achieve

Question

Are the following statements true or false? Explain

A) Two countries can achieve gains from trade if one of the countries has an absolute advantage in the production of all goods?

B) Certain very talented people have a comparitive advantage in everything they do?

C) If a certain trade is good for one person, it cant be good for the other one?

D) If a certain trade is good for one person, it is always good for the other one?

E) If a trade is good for one country, it must be good for everyone in the country?

Explanation / Answer

A true B False C False D True E True

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