Economics · International Trade
According to the law of comparative advantage, trade will not be beneficial for both countries if: (A) one nation is less efficient than the other nation in the production of both commodities. (B) one nation has an absolute advantage with respect to the other nation in the production of both commodities. (C) the opportunity cost of producing both the commodities is the same in both countries. (D) the absolute disadvantage that one nation has with respect to the other nation is the same in both commodities. Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(B) and (C) only
- 2(C) and (D) only✓
- 3(A) and (B) only
- 4(A) only
Correct answer
(C) and (D) only
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