Multiple Choice
Sloimekia can manufacture more of a certain kind of cloth than its neighboring countries, although they all have the same amount of resources for the cloth's production. In this scenario, which of the following statements is true of Sloimekia?
A) It has a higher trade surplus than its neighboring countries.
B) It enjoys an absolute advantage in terms of the particular cloth it produces.
C) It enjoys the highest balance of trade among its neighboring countries.
D) It has a lower balance of payments and a lower trade deficit for the particular cloth produced.
Correct Answer:
Verified
Correct Answer:
Verified
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