Business, 07.04.2020 16:51 Tylobones

U. S. agriculture has a comparative advantage in agriculture and so stands to be a big beneficiary if the TPP is enacted. Which statement below is true of the theory of comparative advantageMultiple Choice

a. The focus in the theory of comparative advantage is on exchange rates.

b. Potential world production is greater with unrestricted free trade than it is with restricted trade.

c. The theory of comparative advantage views trade as a zero-sum game.

d. The theory of comparative advantage is superseded by the theory of absolute advantage.

e. Free trade is unequivocally dismissed under the theory of comparative advantage.

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U. S. agriculture has a comparative advantage in agriculture and so stands to be a big beneficiary i...

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