Multiple Choice
(Table) Based on the table 
A) Canada has a comparative advantage in producing steel.
B) Mexico has a comparative advantage in producing steel.
C) Mexico has an absolute advantage over Canada in producing both steel and airplanes.
D) Canada has a comparative advantage in producing airplanes.
Correct Answer:
Verified
Correct Answer:
Verified
Q56: (Figure: Tanks and Health Care) The opportunity
Q57: A country has to be able to
Q58: Describe the three basic questions that must
Q59: The payment toward land is called<br>A) rent.<br>B)
Q60: Capital includes all of these EXCEPT<br>A) dollar
Q62: Which of these is NOT a factor
Q63: Economists refer to the payment toward land
Q64: The production possibilities frontier shows<br>A) that unattainable
Q65: To gain from trade, a country should<br>A)
Q66: "Absolute advantage" is defined as when goods