Multiple Choice
Country A can produce 1 cello by giving up the production of 5 guitars. Country B can produce 1 guitar by giving up the production of 4 cellos. In which good does country A have a comparative advantage?
A) cellos
B) guitars
C) both goods
D) neither good
Correct Answer:

Verified
Correct Answer:
Verified
Q1: An opportunity cost of economic growth is<br>A)
Q2: A bowed outward production possibilities frontier occurs
Q3: Using a production possibilities frontier, economic growth
Q4: Marginal cost is the opportunity cost<br>A) of
Q6: An increase in the nation's capital stock
Q7: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5270/.jpg" alt=" -In the above
Q8: A marginal cost curve<br>A) shows that as
Q9: Suppose Joe can prepare 10 sandwiches or
Q10: When a nation has a comparative advantage
Q11: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5270/.jpg" alt=" -According to the