Which goods will a nation typically import? those goods in which the nation has an absolute advantage those goods in which the n

Question

3 years ago

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Which goods will a nation typically import? those goods in which the nation has an absolute advantage those goods in which the n

ation has a comparative advantage those goods in which other nations have an absolute advantage those goods in which other nations have a comparative advantage

Social Studies

1 answer:

goldenfox [79] · Answer 1 · 2022-07-25T15:04:46+03:00

Answer:

those goods in which other nations have an absolute advantage

Explanation:

Importing and exporting goods and services helps in maintaining the economy of the country. It also helps in strengthening the bilateral relations between the two nations.

Countries try to export goods in which they have an advantage off. Those countries export items whose production or availability of that particular good is more and surplus in the exporting country. And the country having less production and more demand of that good imports from the other country.

Thus, a country typically imports those goods in which other nations have an absolute advantage.