The law of comparative advantage ( ).
A: explains how a country can benefit from trade even if it has absolute disadvantage in production of all commodities.
B: explains how the most efficient nations can benefit from trade.
C: was introduced by Adam Smith.
D: is used to explain the trade between intra-industry trade.
A: explains how a country can benefit from trade even if it has absolute disadvantage in production of all commodities.
B: explains how the most efficient nations can benefit from trade.
C: was introduced by Adam Smith.
D: is used to explain the trade between intra-industry trade.
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
- Which of the following is a TRUE statement? A: Everyone benefits from free trade. B: Only exporters benefit from trade. C: All producers benefit from trade and but not all consumers benefit. D: Free trade harms domestic producers of goods that face import competition.
- Which of the the following statements is true true ? ( ) A: “Two countries can achieve gains from trade even if one of the<br/>countries has an absolute advantage in the production of all goods.” B: “Certain very talented people have a comparative advantage in<br/>everything they do.” C: “If a certain trade is good for one person, it can’t be<br/>good for the other one.” D: “If trade is good for a country, it must be good for everyone in the country.”
- A win-win situation means that both the country and its consumers can benefit from international trade
- 3.Why can plants also benefit from international trade?