Multiple Choice
A country has a comparative advantage in a good if
A) It can produce more of the good than another country.
B) It can produce a good at a lower opportunity cost relative to another country.
C) It can specialize only in two goods.
D) It always has an absolute advantage in the production of the good.
Correct Answer:
Verified
Correct Answer:
Verified
Q55: Assume Saudi Arabia can produce 4 units
Q56: If the United States has a trade
Q57: A World View titled "Export Ratios" examines
Q58: Specialization in production<br>A)Decreases total world output.<br>B)Increases output.<br>C)Reduces
Q59: The ratio of exports to GDP in
Q61: A country will not trade unless<br>A)It has
Q62: According to the text,which of the following
Q63: Describe the pressures that discourage trade.
Q64: Table 35.1 <span class="ql-formula" data-value="\begin{array}
Q65: Suppose China can produce either 600 telephones