Trade with any nation can be mutually beneficial.
举一反三
- _______explains how mutually beneficial trade can take place even when one nation is less efficient than another nation in the production of all commodities.( ) A: Mercantilism B: The law of comparative advantage C: The labor theory of value D: The law of absolute advantage
- When two nations trade with each other, the region of mutually beneficial trade is decided by their domestic cost ratios.
- 8. It is mutually beneficial for the Chinese to work with Americans because each can offer what the other needs.
- mutually beneficial relationships
- ( ) determines the direction of trade and the limits to<br/>mutually beneficial trade. A: Specialization B: Absolute advantage C: Factor abundance D: Comparative advantage