If uzbekistan and azerbaijan each spends all its time producing the good in which it has a comparative advantage and trade takes place at a price of 12 bolts for 36 nails, then<…

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GeertVc · Answer 1 · 2018-10-21T03:31:07+0000

If trade takes place at a price of 12 bolts for 36 nails while Uzbekistan and Azerbaijan each spends all its time producing the good in which it has a comparative advantage, then both Uzbekistan and Azerbaijan will gain from this trade.

If uzbekistan and azerbaijan each spends all its time producing the good in which it has a comparative advantage and trade takes place at a price of 12 bolts for 36 nails, then<…

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