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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.
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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|

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Asked 208 days ago|1/5/2014 4:46:07 PM
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