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kiruha [24]
3 years ago
12

Examples of comparative advantage show how trade between two countries can make each better off. Compared to their pre-trade pos

itions, trade makes both countries better off because in each country A) total employment is greater.B) total consumption of goods is greater.C) wages are higher. D) total welfare is greater.
Business
1 answer:
Vika [28.1K]3 years ago
3 0

Answer:

The correct answer is option B.

Explanation:

Comparative advantage refers to the situation when a nation or individual is able to produce a good or service at a comparatively lower opportunity cost. The nation is said to specialize in the good or service it can produce at a lower opportunity cost.

Trade through specialization helps both the nation involved in the trade to consume more. Each nation produces more of the good it specializes in and exchanges it for the good it does not specializes in.

In this way, both of them are able to consume beyond their production possibility curves.

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3 years ago
On December 1, Showcase Interiors purchased a shipment of furniture from Colonial House by paying $10,500 cash and issuing an in
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=NPV(1.5%, 24 values of 1200 each) = $24,036.49

B)

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3 years ago
Read 2 more answers
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