a) International trade between countries A and B can be mutually profitable even though A can produce every commodity more cheaply than B
b) If two countries trade corn and steel, each must have an absolute advantage in the product it export.
c) a basic reason for international capital movements is that different rates of return are available in different countries.
d) Foreign trade permits a country to move its consumption out beyond its domestic production-possibility curve.
A)True
B)False
C)True