Multiple Choice
A country should export only those goods for which it has _____ relative to its trading partners.
A) a higher absolute advantage
B) lower terms of trade
C) higher consumption possibilities
D) a stronger domestic demand
E) a lower opportunity cost
Correct Answer:
Verified
Correct Answer:
Verified
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Q15: Which of the following is true of
Q16: Which of the following is not correct
Q17: The law of comparative advantage states that:<br>A)each
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Q20: Unless there are barriers to prevent free
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