A country will gain relatively more from trade when: A. trade is regulated. B. the world...
A country will gain relatively more from trade when:
A. trade is regulated.
B. the world price is below the country's opportunity cost of the good.
C. the world price is close to the country's opportunity cost of the good.
D. the world price is much greater than the country's opportunity cost for the good.
Homework Answers
Answer-
D- The world price is much greater than the contry's opportunity cost for the good.
Reason- As the domestic cost of production or the opportunity cost in home country is less than the world price the country has a comparative advantage on trade.
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A country will gain relatively more from trade when:
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