If a Nation Has a Comparative Disadvantage in the Production

question 160

Multiple Choice

If a nation has a comparative disadvantage in the production of some commodity,

• A)​it can gain from international trade in that commodity only if it has an absolute advantage in that commodity.
• B)​it can still gain from international trade in that commodity, by getting it at a lower opportunity cost than if they produced it domestically.
• C)​it cannot gain from international trade in the commodity.
• D)​it cannot gain from international trade unless it has an absolute advantage in every other commodity.

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Definitions:

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A region that encompasses many countries in Europe, often including those that were part of the Soviet Bloc, characterized by diverse cultures, languages, and histories.

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