QUESTION 26 1 points Save Answe Which of the following statements is true? OWhen

Question

QUESTION 26 1 points Save Answe Which of the following statements is true? OWhen a nation has an absolute advantage over other nations in O When a nation has an absolute disadvantage over other nations in OAbsolute advantage involves the opportunity cost of producing differen producing all the goods and services, it cannot gain from trade. producing a good, it cannot gain from trade. goods and comparative advantage relates to production per units of inputs. Absolute advantage relates to production per units of inputs and comparative advantage involves the opportunity cost of producing different goods.

Explanation / Answer

Q 26: Absolute advantage relates to production per units of inputs and comparative advantage involves the opportunity cost of producing different goods.

Q 46: the average tax rate equals the marginal tax rate

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