c. Vladimir has an absolute advantage in butter, and Donald has a comparative ad

Question

c. Vladimir has an absolute advantage in butter, and Donald has a comparative advantage in guns. d. Vladimir has an absolute advantage in guns, and Donald has a comparative advantage in butter. what would 3. Refer to the table. If Donald and Vladimir trade based on the principle of comparative advantage. a reasonable price of trade be? a. Donald will sell 1 unit of butter to Vladimir for 3/2 guns. b. Vladimir will sell 1 unit of butter to Donald for 1/2 a gun. c. Donald will sell 1 gun to Vladimir for 3 units of butter d. Vladimir will sell 1 gun to Donald for 2 units of butter. Pa

Explanation / Answer

There is no table here.But this may help you.

Actually comparative advantage means a person can produce a good or service at a lower cost.It occurs when one country have lower opportunity cost.

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