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History, 19.11.2020 20:10 Mackjrmario

If the United States (US) can produce a component of widgets at a lower cost than any other product produced by the US but not as low as the
cost incurred by Canada for producing the same component, does the US
make any gains by continuing to produce said component?
O yes, because the US has the comparative advantage
O no, because Canada has the comparative advantage
O no, because Canada has the absolute advantage
O yes, because the US has the absolute advantage

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If the United States (US) can produce a component of widgets at a lower cost than any other product...
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