Question 2. Which of the following statements about comparative advantage in relationship to international trade...
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Question 2. Which of the following statements about comparative advantage in relationship to international trade are correct? 1 Comparing two countries, a country cannot have a comparative advantage in an area where it has an absolute advantage 2 The theory of comparative advantage suggests that increased benefits can arise through specialisation in particular products or services A country will have a comparative advantage in only one of two areas in which it has an absolute advantage. A None of the statements are correct (1) and (2) are correct (2) and (3) are correct (1) and (3) are correct All statements are correct
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