In the 1950s, the economist bela balassa compared 28 manufacturing industries in the united states and britain. in every one of the 28 industries, balassa found that the united states had an absolute in these circumstances, would there have been any gain to the united states from importing any of these products from britain? explain. a. since the united states had an absolute advantage in all 28 industries, it also had a comparative advantage in each industry and would not have gained anything from importing any of these products from britain. b. even with an absolute advantage, the united states would have benefited from importing those products for which britain had the same opportunity cost. c. since the united states had an absolute advantage in all 28 industries, it had more bargaining power and would have gained from importing all of these products from britain. d. even with an absolute advantage, the united states would have benefited from importing those products for which britain had a comparative advantage. e. even with an absolute advantage, the united states would have benefited from importing those products that britain could have produced at lower total cost.

D) Even with an absolute advantage, the United States would have benefited from importing those products for which Britain had a comparative advantage.

Explanation:

The basis for foreign trade are comparative advantages, not absolute advantages. You must remember that in order for trade to be effective and long lasting, both sides must benefit from it, not just one side.

Resources are limited, and that applies to everyone, to every corporation and to every country. You might have an absolute advantage at producing everything, but your production possibilities frontier sets you a limit on what products or combination of products you can produce. Sometimes it might be beneficial to trade and receive some products that you could produce more efficiently, but their opportunity costs might be too high. Probably you can get them at lower costs from foreign suppliers and use those resources for producing something else.

answer; strategic planning;

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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