Advanced Placement (AP)

Advanced Placement (AP)

26 March, 11:13

Which of the following situations would allow agents to gain from specialization and trade with one

another?

Choose 1 answer:

The terms of trade are between the two agents' opportunity costs.

The agents have the same opportunity costs.

One agent has absolute advantage in both goods.

0

One agent has comparative advantage in both goods.

Either agent has absolute advantage in either of the goods.

+2

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