The law of comparative advantage states that

O A) nations should never import goods, but only export goods.

ОВ)

nations should only produce goods which they have available

nabral resources for.

a nation is better off when it produces goods and services that it has

00)

an absolute advantage in producing.

OD)

a nation is better off when it produces goods and services that it has

a comparative advantage in producing.

Question

Zoie Hatfield

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3 December, 19:00

The law of comparative advantage states that

O A) nations should never import goods, but only export goods.

ОВ)

nations should only produce goods which they have available

nabral resources for.

a nation is better off when it produces goods and services that it has

00)

an absolute advantage in producing.

OD)

a nation is better off when it produces goods and services that it has

a comparative advantage in producing.

+3

Answers (1)

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Lorelai · Answer 1

D) a nation is better off when it produces goods and services that it has

a comparative advantage in producing.

Explanation:

Comparative advantage refers to the ability of a country to produce goods and services at a lower opportunity cost than other competitors.