Multiple Choice
Comparative advantage in production is achieved by
A) Subsidizing,specializing,and lowering the price of an exported good.
B) Being able to produce a good with fewer inputs than in other countries.
C) Having terms of trade that are better than the terms of trade faced in other countries.
D) Having a lower opportunity cost of producing a good relative to that of other countries.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" In Figure 35.1,what
Q5: Reducing protectionism allows greater gains from free
Q6: When tariffs are imposed,the losers include<br>A)Domestic consumers
Q7: Which of the following countries has the
Q8: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Which of the
Q10: International trade allows a country's consumption possibilities
Q11: An embargo is<br>A)A prohibition on exports or
Q12: A country's export ratio is<br>A)The ratio of
Q13: Table 35.1 <span class="ql-formula" data-value="\begin{array}
Q14: Suppose that Brazil has a comparative advantage