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2 Nov 2020
6. According to the theory of comparative advantage in international trade, a country will export a good only if
a. It can produce it using less labor than other countries.
b. Its productivity is higher in producing the goods than the productivity of other countries in producing it.
c. Its wage rate in producing the good is lower than in other countries.
d. Its cost of producing the good, relative to other goods, is at least as low as in other countries.
6. According to the theory of comparative advantage in international trade, a country will export a good only if
a. It can produce it using less labor than other countries.
b. Its productivity is higher in producing the goods than the productivity of other countries in producing it.
c. Its wage rate in producing the good is lower than in other countries.
d. Its cost of producing the good, relative to other goods, is at least as low as in other countries.
Raushan RajLv8
2 Nov 2020