Which theory states that a nation should produce and sell goods to other countries that it produces most efficiently, and buy goods produced more efficiently by other countries? A. Comparative advantage. B. Absolute advantage. C. Mercantilism. D. Bilateral advantage.

Question and answer

Question|Rated good

Asked 10/1/2009 1:03:26 PM

Updated 5/4/2016 1:01:33 PM

1 Answer/Comment

This conversation has been flagged as incorrect.

Flagged by emdjay23 [5/4/2016 1:01:33 PM]

Get an answer

Search for an answer or ask Weegy.

Original conversation

User: Which theory states that a nation should produce and sell goods to other countries that it produces most efficiently, and buy goods produced more efficiently by other countries? A. Comparative advantage. B. Absolute advantage. C. Mercantilism. D. Bilateral advantage.

Weegy: C. Mercantilism. If you are satisfied with my answer, please click 'Good' on the ratings.
Expert answered|WNC|Points 4947|

Question|Rated good

Asked 10/1/2009 1:03:26 PM

Updated 5/4/2016 1:01:33 PM

1 Answer/Comment

This conversation has been flagged as incorrect.

Flagged by emdjay23 [5/4/2016 1:01:33 PM]

New answers

Rating

emdjay23

Comparative advantage theory states that a nation should produce and sell goods to other countries that it produces most efficiently, and buy goods produced more efficiently by other countries.

Added 5/4/2016 1:01:29 PM

This answer has been confirmed as correct and helpful.

Confirmed by Andrew. [5/4/2016 3:14:52 PM]

Comments

There are no comments.

Add an answer or comment

Questions asked by the same visitor

A ___________ is an organization that is owned and controlled by the people who use it—producers, consumers and workers with similar needs who pool their resources for mutual gain. A. corporation. B. limited partnership. C. mutual fund. D. cooperative.

Weegy: A COOPERATIVE is an organization that is owned and controlled by the people who use it—producers, consumers and workers with similar needs who pool their resources for mutual gain. (More)

Question

Expert Answered

Updated 1/20/2014 11:55:40 AM

0 Answers/Comments

Three types of partnerships are A. sole, general, and specific. B. general, unlimited, and general liability. C. specific, general, and generic. D. general, limited, and limited liability.

Weegy: d. General, limited and limited liability User: Which of the following is a major trend in the global economy? A. A movement to impose more barriers to international trade. B. Slow economic growth in less developed nations. C. Increasing interdependence among the world’s economies. D. Slow growth in the volume of trade among nations due to a lack of cooperation among international institutions. (More)

Question

Expert Answered

Updated 5/8/2019 2:32:50 PM

1 Answer/Comment

emdjay23

Increasing interdependence among the world’s economies is a major trend in the global economy.

Added 5/8/2019 2:32:50 PM

This answer has been confirmed as correct and helpful.

Measuring international trade and its impact on individual nations requires __________ A. knowledge of balance of trade. B. bartering privileges. C. national leaders to agree to the same measurement standards. D. the total value of imports to exceed the total value of exports.

Weegy: C User: that is incorrect Weegy: are you quizzing me? User: i submitted that to my test and that answer was incorrect (More)

Question

Expert Answered