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Business, 11.03.2020 02:35 sunpelt9993

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?A. Country A should import product X from country B and it should not attempt to produce it at home. B. Country A should partly import the product and produce it domestically. C. Country A should produce more of product X and should attempt to obtain an absolute advantage for the product. D. 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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