Question and answer
How does comparative advantage affect a nation’s trade? A nation is better off producing goods and services for which it has a comparative advantage. A nation is better off purchasing goods and
services for which it has a comparative advantage. A nation is better off investing in goods and services for which it has a comparative advantage. A nation is better off borrowing goods and services for which it has a comparative advantage.
What is your question here, please calrify
Get an answer
Original conversation
User: How does comparative advantage affect a nation’s trade? A nation is better off producing goods and services for which it has a comparative advantage. A nation is better off purchasing goods and services for which it has a comparative advantage. A nation is better off investing in goods and services for which it has a comparative advantage. A nation is better off borrowing goods and services for which it has a comparative advantage.

Weegy: What is your question here, please calrify
uxiali|Points 1605|

User: The law of comparative advantage states that a nation is better off when it produces goods and services for which it has the comparative advantage. How is a comparative advantage obtained? a. by increasing the amount of goods that are traded b. by producing only products with a high demand value c. by limiting trade to nonrenewable products d. by producing a product with a lower opportunity cost

Weegy: Limitations of the Theory of Comparative Advantage 1. Transport costs may outweigh any comparative advantage 2. Increased specialisation may lead to diseconomies of scale 3. Governments may restrict trade 4. [ [ Comparative advantage measures static advantage but not any dynamic advantage for example in the future India could become good at producing books if it made the necessary investment ] ]
vcj2028|Points 371|

User: According to the law of comparative advantage, a country should a. specialize and export goods with the highest opportunity cost. b. specialize and export goods with the lowest production cost. c. specialize and export goods with the lowest opportunity cost. d. specialize and export goods with the lowest average cost.

Weegy: According to the law of comparative advantage, a country should c. specialize and export goods with the lowest opportunity cost.
aLorin|Points 80|

User: Which of the following are activity patterns? a. saving c. producing b. investing d. all of the above

Weegy: d)all of the above are activity patterns
migzptz|Points 7632|

User: Specialization in a nation leads to a. absolute advantage. c. international trade. b. self-sufficiency. d. comparative advantage.

Weegy: D. comparative advantage.
Lhei0910|Points 172|

User: Trade occurs, generally speaking, because it is a _______ sum game.

Weegy: Trade occurs, generally speaking, because it is a POSITIVE sum game.
Expert answered|Janet17|Points 5640|

Question
Asked 238 days ago|1/5/2014 4:46:07 PM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
The Republican Party’s main economic issue was: a. banking c. trade b. manufacturing d. agriculture
Weegy: The Republican Party's main economic issue was: a. BANKING. (More)
Question
Expert Answered
Asked 241 days ago|1/2/2014 12:04:49 PM
0 Answers/Comments
In 1932, Manchuria was taken over by
Weegy: C Manchurian Incident or Mukden Incident, 1931, confrontation that gave Japan the impetus to set up a puppet government in Manchuria. [ After the Russo-Japanese War (1904–5), Japan replaced Russia as the dominant foreign power in S Manchuria. By the late 1920s the Japanese feared that unification of China under the Kuomintang party would imperil Japanese interests in Manchuria. This view was confirmed when the Manchurian general Chang ... (More)
Question
Updated 240 days ago|1/3/2014 1:31:14 PM
1 Answer/Comment

In 1932, Manchuria was taken over by JAPANESE MILITARY.

Added 240 days ago|1/3/2014 1:31:14 PM
In 1932, Manchuria was taken over by a. Hitler and the Germans. b. Stalin and the Soviets. c. the Japanese military. d. Franco and the Nationalists.
Weegy: c. the Japanese military User: In Japan the lack of unity in its legislature led to the military assuming control during the early 1930s. Weegy: TRUE. In japan the lack of unity in its legislature led to the military assuming control during the early 1930s. User: Why was the Rape of Nanjing significant? a. Over 100,000 people were massacred. b. It was a direct act of manipulation and terrorism. c. The United States ... (More)
Question
Updated 223 days ago|1/20/2014 10:27:27 AM
1 Answer/Comment
The Selective Service and Training Act established the first peacetime draft in American history. True
Added 223 days ago|1/20/2014 10:27:27 AM
The Watergate burglars were caught attempting to a. remove “hush money” from a safe. b. steal files from a psychiatrist. c. wiretap Democrats’ phones. d. play “dirty tricks” on Edmund Muskie.
Question
Not Answered
Updated 226 days ago|1/17/2014 1:12:03 PM
1 Answer/Comment
The Watergate burglars were caught attempting to c. wiretap Democrats’ phones.
Added 226 days ago|1/17/2014 1:12:03 PM
17,186,429 questions answered
Popular Conversations
Indicate whether the statement is true or false. The reason a penny ...
Weegy: TRUE - The reason a penny thrown straight up inside an airplane will come back to your hand is that you, the air ...
8/31/2014 3:31:31 PM| 4 Answers
A line passes through the points (-10, -4) and (-1,2). What is the ...
Weegy: A line passes through the points (-10, -4) and (-1,2). The y-intercept of the line is 8/3. The equation of the ...
8/31/2014 11:50:10 AM| 3 Answers
India is a subcontinent and consists of all of the following except. ...
Weegy: Indian subcontinent has all the features , valleys in himalayan mountains , deccan plateaus , thar desert , and ...
8/31/2014 11:02:13 AM| 2 Answers
Market economy. User: Command economy.
8/31/2014 8:31:19 PM| 2 Answers
Which of the following is least likely to form ...
Weegy: Helium is least likely to form bonds. User: Which of the following is an example of plasma? the atmosphere ...
8/31/2014 12:42:25 AM| 1 Answers
the goal of scientific management
8/31/2014 3:29:19 AM| 1 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
Points 2800 [Total 24400]| Ratings 4| Comments 2760| Invitations 0|Offline
S
L
1
L
Points 2556 [Total 6532]| Ratings 8| Comments 2476| Invitations 0|Online
S
L
C
P
C
1
L
L
Points 2326 [Total 15939]| Ratings 13| Comments 2196| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 2145 [Total 17172]| Ratings 7| Comments 2075| Invitations 0|Online
S
L
1
1
1
1
L
1
Points 2073 [Total 9780]| Ratings 2| Comments 2053| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 960 [Total 18531]| Ratings 0| Comments 960| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 585 [Total 11246]| Ratings 1| Comments 575| Invitations 0|Offline
S
1
L
L
Points 560 [Total 5124]| Ratings 0| Comments 560| Invitations 0|Online
S
Points 467 [Total 670]| Ratings 1| Comments 457| Invitations 0|Offline
S
Points 375 [Total 375]| Ratings 2| Comments 325| Invitations 3|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.