Multiple Choice
Suppose the production of 12 tons of copper in the United States requires the same amount of resources as the production of 3 tons of aluminum.In Mexico,12 tons of copper requires the same amount of resources as 2 tons of aluminum.Implicitly
A) Mexico has a comparative advantage in producing copper.
B) The United States has an absolute advantage in producing aluminum.
C) Mexico has an absolute advantage in producing copper.
D) Neither country has a comparative advantage in producing aluminum.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: Which of the following is not a
Q31: The benefits from international trade include<br>A)A rightward
Q32: Specialization increases total world output.
Q33: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Compared to their
Q34: In the World View article on new
Q36: Overall NAFTA has resulted in<br>A)Massive unemployment and
Q37: Trade restrictions designed to benefit the import-competing
Q38: According to the text,which of the following
Q39: Which of the following is true?<br>A)The European
Q40: The terms of trade between two countries