according to the theory of comparative advantage, a country should not export goods if it does not have…

according to the theory of comparative advantage, a country should not export goods if it does not have absolute cost advantages a country should focus on exports of goods for which there is a comparative advantage a country should focus on import of goods for which there is a comparative advantage a country should focus import of goods if there is an absolute advantage question 29 what does apr stand for? average price range annual percentage rate annual price rates average percentage rate

according to the theory of comparative advantage, a country should not export goods if it does not have absolute cost advantages a country should focus on exports of goods for which there is a comparative advantage a country should focus on import of goods for which there is a comparative advantage a country should focus import of goods if there is an absolute advantage question 29 what does apr stand for? average price range annual percentage rate annual price rates average percentage rate

Answer

Brief Explanations:

  1. For the first - question: The theory of comparative advantage posits that countries should specialize in and export goods for which they have a lower opportunity - cost (comparative advantage), not absolute cost advantage. Importing goods with comparative advantage is incorrect as the focus is on exporting such goods, and focusing on imports with absolute advantage is not related to the theory of comparative advantage.
  2. For the second - question: APR is a well - known financial term that stands for annual percentage rate, which represents the annualized interest rate for borrowing or return on investment.

Answer:

Question 28: B. A country should focus on exports of goods for which there is a comparative advantage Question 29: B. annual percentage rate