When there are multiple countries, if Country X has a comparative advantage in Good Y in one trade, does that necessarily mean they have comparative advantage in every trade with every country?

No; comparative advantage would require looking at the opportunity cost for each country

Yes. Comparative advantage is stagnant

Yes. Comparative advantage is entirely driven by polcy

No. Comparative advantage doesn't exist

Question

06-12-2022
Business

Answered

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When there are multiple countries, if Country X has a comparative advantage in Good Y in one trade, does that necessarily mean they have comparative advantage in every trade with every country?

No; comparative advantage would require looking at the opportunity cost for each country

Yes. Comparative advantage is stagnant

Yes. Comparative advantage is entirely driven by polcy

No. Comparative advantage doesn't exist

Sagot :

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