Solved

If One Country Has A(n) _____ Advantage in the Production

Question 277

Multiple Choice

If one country has a(n) _____ advantage in the production of one item, it can always produce more of the same item than another nation, given the same resources.


A) comparative
B) absolute
C) special
D) trade

Correct Answer:

verifed

Verified

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

Related Questions

Q272: (Table) Allow the United States to produce

Q273: Describe how expansion of resources and technological

Q274: _ occurs when the mix of goods

Q275: An increase in technology<br>A) shifts the production

Q276: Which of these results in a higher

Q278: Compare and contrast absolute and comparative advantages.

Q279: (Table) The table shows the number of

Q280: If an economy faces increasing opportunity costs

Q281: Which scenario shifts the production possibilities frontier

Q282: In a pure market economy, the government's