CIMAPRA17-BA1-1 Exam - Topic 1 Question 27 Discussion
According to the principle of comparative advantage which of the following explains how country V may benefit from international trade?
C) Country V can specialise in exporting oil which it can produce relatively cheaply, and import goods.
A) Specialisation and international trade will only be successful if tariffs are used to protect country V's economy.
B) Jobs historically done by country V's nationals have been off-shored to countries with cheaper labour costs.
D) Country V will only benefit from international trade if another country loses.
Lenita
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