menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 8
  4. Exam
    Exam 3: Interdependence and the Gains From Trade: Comparative Advantage the Driving Force of Specialization
  5. Question
    When Describing the Opportunity Cost of Two Producers,economists Use the Term
Solved

When Describing the Opportunity Cost of Two Producers,economists Use the Term

Question 43

Question 43

Multiple Choice

When describing the opportunity cost of two producers,economists use the term


A) natural advantage.
B) trading advantage.
C) comparative advantage.
D) absolute advantage.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q38: Suppose that a worker in Agland can

Q40: Figure 3-19<br>Chile's Production Possibilities Frontier<br>Colombia's Production Possibilities

Q41: Both Dave and Caroline produce sweaters and

Q44: Figure 3-17<br>Maxine's Production Possibilities Frontier<br>Daisy's Production Possibilities

Q45: Suppose that a worker in Radioland can

Q46: Figure 3-17<br>Maxine's Production Possibilities Frontier<br>Daisy's Production Possibilities

Q47: Which of the following statements is not

Q48: Suppose that a worker in Cornland can

Q129: Which of the following statements about comparative

Q136: If Shawn can produce donuts at a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines