Business, 11.01.2020 04:31 mindofnyny

Suppose the nation of canada forbids international trade. in canada, you can obtain a hockey stick by trading 5 baseball bats. in other countries, you can obtain a hockey stick by trading 8 baseball bats. these facts indicate that:
1. if canada were to allow trade, it would export hockey sticks.
2. canada has an absolute advantage, relative to other countries, in producing hockey sticks
3. canada has a comparative advantage, relative to other countries, in producing baseball bats.
4. all of the above are correct.

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Suppose the nation of canada forbids international trade. in canada, you can obtain a hockey stick b...

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