When, in our analysis of the gains and losses of internationaltrade, we assume t

Question

When, in our analysis of the gains and losses of internationaltrade, we assume that a country is small, we ate in effect assumingthat the country. a. cannot experience significant gains of losses be tradingwith other countries. b. cannot have a significant comparative advantage over othercountries. c. cannot affect world price be trading with othercountries. d.all of the above are correct. When, in our analysis of the gains and losses of internationaltrade, we assume that a country is small, we ate in effect assumingthat the country. a. cannot experience significant gains of losses be tradingwith other countries. b. cannot have a significant comparative advantage over othercountries. c. cannot affect world price be trading with othercountries. d.all of the above are correct.

Explanation / Answer

B cannot have a significant compartive advantage over other countries. Any size country can do this.

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