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Advanced Placement (AP), 17.06.2020 21:57 kim643
Match the given descriptions to the terminology that could be used to define them.
assumption in trade
absolute advantage
comparative advantage
specialization in trade
Country A produces a certain good in abundance
and sells it at a cheaper rate to other countries.
Country B produces a good with a lower opportunity
cost than another good.
Country A has superior resources to produce a good
more efficiently.
Countries A and B have a free flow of labor across
their
borders.
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Match the given descriptions to the terminology that could be used to define them.
assumption in tr...
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