Which Statement If False

question 18

Multiple Choice

Which statement if false?

• A)If the U.S.can produce rice more efficiently than Japan can,the U.S.enjoys an absolute advantage.
• B)Economists dislike both tariffs and import quotas.
• C)Under the law of comparative advantage,total output is greatest when each product is made by the country that produces it most efficiently.
• D)No nation will engage in trade with another nation unless it will gain by that trade.