1. If countries were to trade along the lines of absolute advantage: a. More inf
ID: 1103221 • Letter: 1
Question
1. If countries were to trade along the lines of absolute advantage:
a. More information is needed.
b. B would import Y from A.
c. Neither country would want to trade.
a. B would export X to A.
b. Neither country would want to trade.
c. More information is needed.
d. B would export Y to A.
a. More information is needed.
b. B would import Y from A.
c. Neither country would want to trade.
2. If countries were to trade along the lines of comparative advantage:a. B would export X to A.
b. Neither country would want to trade.
c. More information is needed.
d. B would export Y to A.
Country Goods 4 2Explanation / Answer
1) (B) . B would import Good Y from A.
reason A has absolute advantage in productions of Y and B has in Good X so B would export Good X to A and Will import good Y From A
2) (A) B would export Good X to A
reason A has absolute advantage in productions of Y and B has in Good X so B would export Good X to A and Will import good Y From A
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