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Economics
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14. As international trade increases, it contributes to a shift in jobs away from industries where that economy does not have a comparative advantage and toward industries where it does have a comparative advantage. True or False.

a. False

b. True

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Raushan Raj
Raushan RajLv8
3 Nov 2020

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Related questions

 According to international trade theory, a country should:

  • import goods in which it does not have a comparative advantage.
  • export goods in which it does not have a comparative advantage.
  • export goods in which it does not have an absolute advantage.
  • import goods in which it has a comparative advantage.

1.True or False: In the Ricardian model, you always produce only the good you have a comparative advantage in producing.

2. True or False: In the Ricardian model, knowing who has a comparative advantage in each good is enough to know the quantity of exports and imports to/from each country.

3. True or false: In the two country two good Ricardian model, it is impossible to have a comparative advantage the production of both goods.

1.Explain the concept of comparative advantage.

2.Why does it make sense to specialize in something you have a comparative advantage and trade for items you do not have a comparative advantage in?

3.What are some of the things you think the United States has a comparative advantage in? Explain your reasoning.

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