Solution Found!

What does the domestic price that prevails without international trade tell us about a

Chapter 9, Problem Questions for Review 9.1

(choose chapter or problem)

Get Unlimited Answers
QUESTION:

What does the domestic price that prevails without international trade tell us about a nations comparative advantage?

Questions & Answers

QUESTION:

What does the domestic price that prevails without international trade tell us about a nations comparative advantage?

ANSWER:

Step 1 of 2

Comparative advantage is a situation wherein a country can make products available at a lower opportunity cost as compared to the other country. The comparative advantage facilitates the country to provide the products at a lower price; hence, that country can gain higher profits.

Add to cart


Study Tools You Might Need

Not The Solution You Need? Search for Your Answer Here:

×

Login

Login or Sign up for access to all of our study tools and educational content!

Forgot password?
Register Now

×

Register

Sign up for access to all content on our site!

Or login if you already have an account

×

Reset password

If you have an active account we’ll send you an e-mail for password recovery

Or login if you have your password back