Business, 19.04.2021 01:00 MoparorNocar061401

If the United States has a comparative advantage in the production of strawberries compared to Iceland, how might trade between these two countries affect the prices of strawberries in each country? The pre-trade price of strawberries will likely be:

A. unaffected by comparative advantage.

B. lower in the U. S. than in Iceland.

C. lower in Iceland than in the U. S.

D. equal across both countries.

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If the United States has a comparative advantage in the production of strawberries compared to Icela...