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kondor19780726 [428]
2 years ago
7

Which of the following is true? A nation can have a comparative advantage in the production of a good only if it also has an abs

olute advantage. A nation can have a comparative advantage in the production of every good, but not an absolute advantage. A nation cannot have an absolute advantage in the production of every good. A nation cannot have a comparative advantage in the production of every good.
Business
1 answer:
Kamila [148]2 years ago
7 0

Answer: <u><em>A nation cannot have a comparative advantage in the production of every good.</em></u>

The principle of comparative advantage states that under free commerce, an representative will produce more of and consume less of a commodity for which they have a comparative advantage. Comparative advantage is the economic experience depicting the work increase from trade for individuals or nations, which originate from differences in their factor endowments or technological progress.  

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