Answered

Find the best solutions to your problems with the help of IDNLearn.com. Get accurate and detailed answers to your questions from our dedicated community members who are always ready to help.

A country that does not have an absolute advantage in the production of any good or service: can specialize but will not gain from trade. can benefit from trade by specializing in goods in which it has a comparative advantage. can benefit from trade if another country gives up all of its gains. cannot benefit from trade under any circumstances.

Sagot :

A  country that does not have an absolute advantage in the production of any good or service can benefit from trade by specializing in goods in which it has a comparative advantage.

A country has comparative advantage in production if it has a lower opportunity cost in the production of good when compared to other countries. A country should specialise in the production of the good for which it has a comparative advantage and import the goods for which it does not have a comparative advantage. This is the way the country can gain from trade.

A company has an absolute advantage in the production of a product if it produces a larger quantity of the product in comparison to other countries.  

A similar question was answered here: https://brainly.com/question/25812820

Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! Accurate answers are just a click away at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.