In the 1950s, the economist bela balassa compared 28 manufacturing industries in the united states and britain. in every one of the 28 industries, balassa found that the united states had an absolute in these circumstances, would there have been any gain to the united states from importing any of these products from britain? explain. a. since the united states had an absolute advantage in all 28 industries, it also had a comparative advantage in each industry and would not have gained anything from importing any of these products from britain. b. even with an absolute advantage, the united states would have benefited from importing those products for which britain had the same opportunity cost. c. since the united states had an absolute advantage in all 28 industries, it had more bargaining power and would have gained from importing all of these products from britain. d. even with an absolute advantage, the united states would have benefited from importing those products for which britain had a comparative advantage. e. even with an absolute advantage, the united states would have benefited from importing those products that britain could have produced at lower total cost.

D) Even with an absolute advantage, the United States would have benefited from importing those products for which Britain had a comparative advantage.

Explanation:

The basis for foreign trade are comparative advantages, not absolute advantages. You must remember that in order for trade to be effective and long lasting, both sides must benefit from it, not just one side.

Resources are limited, and that applies to everyone, to every corporation and to every country. You might have an absolute advantage at producing everything, but your production possibilities frontier sets you a limit on what products or combination of products you can produce. Sometimes it might be beneficial to trade and receive some products that you could produce more efficiently, but their opportunity costs might be too high. Probably you can get them at lower costs from foreign suppliers and use those resources for producing something else.

answer; hazards;

according to the song of roland, the characteristics of an ideal knight are: loyalty to the king, skilled warriors and horseman, valiant, bold, courageous, strong and proud in battle. they should be determined to fulfil their duties and willing to die to make their people safe.