Business, 24.06.2019 07:30 mollycompton04

Country a can produce product x, but it can also buy it at a cheap rate from country b. which of the following courses of action is suitable in this situation according to adam smith's theory of absolute advantage? question 35 options: 1) country a should import product x from country b and it should not attempt to produce it at home. 2) country a should partly import the product and produce it domestically. 3) country a should produce more of product x and should attempt to obtain an absolute advantage for the product. 4) country a should subsidize the production of product x to obtain an absolute advantage over country b.

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Country a can produce product x, but it can also buy it at a cheap rate from country b. which of the...

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