Multiple Choice
-In the table above, country A is producing 4 units of X and 8 units of Y and country B is producing 4 units of X and 6 units of Y. Regarding the production of good X
A) country A has an absolute advantage.
B) country B has an absolute advantage.
C) country A has a comparative advantage.
D) country B has a comparative advantage.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: The social arrangements that govern the ownership,
Q10: Economic growth is the result of all
Q11: A person has a comparative advantage in
Q12: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the figure
Q13: Economic growth<br>A) leads to less consumption in
Q15: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the figure
Q16: Property rights facilitate the development of trade.
Q17: A country produces only pencils and erasers.
Q18: Suppose Joe can prepare 10 sandwiches or
Q19: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above