In the iowa car crop, steven landsburg argues that importing cars from japan and exporting wheat from iowa is analogous to…
A) importing wheat.
B) exporting cars.
C) growing cars in Iowa.
D) growing wheat in Japan.

Respuesta :

Option (c), Steven Landsburg makes the case in the Iowa car crop that selling wheat from Iowa and importing cars from Japan are comparable to cultivating cars in Iowa.

How does comparative advantage play a role in world trade?

The comparative advantage concept states that nations would engage in international trade while exporting the goods in which they are superior. No nation or person can possess a comparative advantage in every good.

When producing a particular good, agents in an economic model will be at a comparative advantage over their competitors if they can do so at a lower relative opportunity cost than those competitors. When referring to international trade, the term "comparative advantage" describes the items that one nation can produce more quickly or affordably than another. This will give someone else the option to create some things at a lower opportunity cost or on behalf of a different country.

Learn more about international trade: https://brainly.com/question/29729620

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