Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 3 - Part I - Interdependence and the Gains from Trade - Quick Check Multiple Choice - Page 60: 6

Answer

There are no gains from trade in this situation.

Work Step by Step

Mark does not have an absolute or comparative advantage for either activity therefore there would be no gain from trade of labor in this situation.
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