If a Country Has an Absolute Advantage in Every Good,then

question 20

Multiple Choice

If a country has an absolute advantage in every good,then

• A)it should avoid international trade.
• B)it should still export those goods in which it has a comparative advantage.
• C)it should export a small amount of every good.
• D)this is an impossible condition;a country cannot have an absolute advantage in all goods.

Understand operating cycle calculations to manage cash flow effectively.

Evaluate the equity multiplier to understand the level of financial leverage.

Determine the average collection period to assess the effectiveness of credit policies.

Interpret inventory turnover to assess inventory management efficiency.

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