The Nobel Prize-winning economist Paul Samuelson argued that contrary

QUESTION

The Nobel Prize-winning economist Paul Samuelson argued that contrary to the standard interpretation,

in certain circumstances the theory of comparative advantage predicts that a rich country might actually be worse off by switching to a free trade regime with a poor nation.
Indicate whether the statement is true or false.

ANSWER

TRUE
Nobel Prize winning economist Paul Samuelson argued that in certain circumstances, the theory of comparative advantage predicts that a rich country might be worse off by switching to a free trade regime with a poor nation.