Social Studies, 29.10.2020 22:30 vanessasanmarti8630
How does comparative advantage affect trade between countries?
A. Countries cannot trade their goods unless they have a strong comparative advantage.
B. Countries typically only trade with partners that have a similar comparative advantage.
C. Countries trade for goods produced by countries that have a comparative advantage.
D. Countries with a significant comparative advantage are unlikely to trade with others.
Answers: 2
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In the kingdom of saudi arabia the government controls every aspect of oil production which makes up the majority of the country's economy. while other businesses are owned by individuals, the biggest segment of saudi arabia's economy is oil production. saudi arabia's economy would best be described as a) entirely market. b) almost entirely command. c) a mixture between just market and traditional. d) a mixed economy with large amounts of command.
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How does comparative advantage affect trade between countries?
A. Countries cannot trade their good...
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