True
In port cities everywhere, the Black Death began to strike. In Venice, 100,000 people died in total, with as many as 600 dying every day at the peak of the outbreak. In 1347, the disease worked its way to France and Paris lost an estimated 50,000 people.
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Answer:
Yes there would be a gain to the United States from importing any of those products from Britain because it only has absolute advantage not comparative advantage.
Explanation:
Absolute advantage in international trade is the ability of a nation to produce more goods with its resources without considering that there might a better alternative to which resources can be deployed that would yield more output compared to its trading partners.
While on the other hand ,comparative advantage is when a country has a lower opportunity costs in producing an item compared to its rival nations.
Which means the country that has comparative advantage is given up less opportunities when producing its desired goods viz-a-viz its competing nations.
In other words,absolute advantage does not guarantee efficiency,only comparative advantage does.
One company controls a whole industry.
Answer:
It is c
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