Multiple Choice
In a two-country two-good model, if a country has an absolute advantage in the production of a certain good, it implies that:
A) it is not possible that this country can gain by importing this good from the other country.
B) this country also has a comparative advantage in the production of this good.
C) it has greater resources than the other country.
D) this country has higher labor productivity in the production of this good.
Correct Answer:

Verified
Correct Answer:
Verified
Q49: The figure given below shows the production
Q50: The table given below shows the
Q51: The production-possibility curve shows various bundles of
Q52: Straight-line production-possibility curves indicate that the opportunity
Q53: According to the theory of comparative advantage,
Q54: Consider a two-country, two-commodity model. The
Q55: _ wrote the Wealth of Nations<br>A)David Ricardo<br>B)Paul
Q57: The table given below shows the
Q58: Labor productivity refers to:<br>A)the number of units
Q59: The table given below shows the