Business, 06.02.2020 01:41 jeny89

In the 1950s, the economist bela balassa compared 28 manufacturing industries in the united states and britain. in every one of the 28 industries, balassa found that the united states had an absolute in these circumstances, would there have been any gain to the united states from importing any of these products from britain? explain. a. since the united states had an absolute advantage in all 28 industries, it also had a comparative advantage in each industry and would not have gained anything from importing any of these products from britain. b. even with an absolute advantage, the united states would have benefited from importing those products for which britain had the same opportunity cost. c. since the united states had an absolute advantage in all 28 industries, it had more bargaining power and would have gained from importing all of these products from britain. d. even with an absolute advantage, the united states would have benefited from importing those products for which britain had a comparative advantage. e. even with an absolute advantage, the united states would have benefited from importing those products that britain could have produced at lower total cost.

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In the 1950s, the economist bela balassa compared 28 manufacturing industries in the united states a...