Question

Which of the following is an accurate statement regarding international trade? A. Sometimes, one nation has an absolute advantage in producing a lot of things, while other nations don't have an absolute advantage in producing anything. In this case, the nation without absolute advantage does not produce goods or services. B. Having absolute advantage doesn't mean one nation will produce everything while other nations do not. Nations determine what they have the comparative advantage in, and produce that. C. Nations always produce what they have the absolute advantage in. D. Nations never produce what they have the comparative advantage in.

Answer 1

Answer: I think the answer is B

Explanation: