productive Question 9 5 pts The advantages that society gain

productive Question 9 5 pts The advantages that society gains through trade lie in the ability to D attain absolute advantage in our trade with other nations. specialize resources to the uses where opportunity cost is minimized @ produce more of all goods than anyone else 5 pts Question 10 Identify the macroeconomic issue among the following st

Solution

Ans is B

According to Ricardo comparative advabtage theory, both nation can benefit from trade if both produces a good in which it has comparative advantage. Also an economy has comparative advantage in a good in which it has less opportunity cost compared to other nation.