Ask Question
21 August, 17:06

True or false: if country b has an absolute advantage over country a in producing bicycles, it must also have a comparative advantage over country a i

+4
Answers (1)
  1. 21 August, 20:02
    0
    This statement is false. An absolute advantage is the countries ability to carry out a certain economically advantageous activity better than another country or group while a comparative advantage is the ability to carry out an economic activity better and more efficiently than another activity.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “True or false: if country b has an absolute advantage over country a in producing bicycles, it must also have a comparative advantage over ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers