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2 Nov 2020
9. According to the theory of comparative advantage, which of the following is not a reason why countries trade?
a. Costs are higher in one country than in another.
b. Prices are lower in one country than in another.
c. The productivity of labor differs across countries and industries.
d. Exports give a country a political advantage over other countries that export less.
9. According to the theory of comparative advantage, which of the following is not a reason why countries trade?
a. Costs are higher in one country than in another.
b. Prices are lower in one country than in another.
c. The productivity of labor differs across countries and industries.
d. Exports give a country a political advantage over other countries that export less.
Raushan RajLv8
2 Nov 2020