Suppose Haiti Has an Absolute Advantage Over Other Countries in Producing

question 308

Multiple Choice

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

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

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Definitions:

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Officially known as The Church of Jesus Christ of Latter-day Saints, a religious organization founded in the 19th century in the United States, emphasizing restorationist Christianity.

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A German philosopher, social scientist, and journalist who co-developed Marxist theory with Karl Marx.

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