This preview shows page 1. Sign up to view the full content.
Unformatted text preview: and (b). 11. Are the following statements true or false? Explain in each case. a. Two countries can achieve gains from trade even if one of the countries has an absolute advantage in the production of all goods. b. Certain very talented people have a comparative advantage in everything they do. c. If a certain trade is good for one person, it cant be good for the other one....
View Full Document
- Spring '10