Suppose Jamaica Has an Absolute Advantage Over Other Countries in Producing

question 21

Multiple Choice

Suppose Jamaica has an absolute advantage over other countries in producing sugar,but other countries have a comparative advantage over Jamaica in producing sugar.If trade in sugar is allowed,Jamaica

• A)will import sugar.
• B)will export sugar.
• C)will either import sugar or export sugar,but it is not clear from the given information.
• D)would have nothing to gain either from exporting or importing sugar.

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Investors

Individuals or entities that commit capital to businesses with the expectation of financial returns.

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