A. Which country has the absolute advantage in the production of both goods? (4 marks) B. Which has the comparative adva
Posted: Sun Jun 05, 2022 11:53 am
A. Which country has the absolute advantage in the production of
both goods? (4 marks)
B. Which has the comparative advantage in the production of both
goods? (6 marks)
C. Protectionist policies are beneficial to all countries of the
world therefore all countries should ensure that such policies are
instituted.
Assess the validity of this statement. (10 marks)
both goods? (4 marks)
B. Which has the comparative advantage in the production of both
goods? (6 marks)
C. Protectionist policies are beneficial to all countries of the
world therefore all countries should ensure that such policies are
instituted.
Assess the validity of this statement. (10 marks)