Multiple Choice
In a single year,the Netherlands can raise 100 tons of beef or produce 1,000 boxes of tulips.In the same growing season,Belgium can raise 50 tons of beef or produce 750 boxes of tulips.From this information,we know that:
A) the Netherlands has a comparative advantage in raising beef.
B) the Netherlands has a comparative advantage in raising tulips.
C) Belgium has a comparative advantage in raising beef.
D) Belgium has an absolute advantage in raising beef.
Correct Answer:

Verified
Correct Answer:
Verified
Q240: If the United States can produce 30
Q241: According to the infant industry argument,import protection
Q242: Use the following to answer question: <img
Q243: Since the production of clothing is labor-intensive
Q244: China,which is labor-abundant,has a comparative advantage in
Q246: A country that is relatively labor-abundant and
Q247: In practice much trade protection reflects the
Q248: Use the following to answer question: <img
Q249: Use the following to answer question: <img
Q250: The term autarky refers to a situation