Multiple Choice
The Kingdom of Mocha enjoys no absolute advantage in crude oil, diamonds, or wool.However, the Mochans manufacture high-quality bows and arrows.Which statement about the Mochans is true?
A) The Mochans should try to produce their own crude oil, diamonds, and wool.
B) The Mochans have a comparative advantage in the production of bows and arrows.
C) The Mochans have an unqualified advantage in the production of bows and arrows.
D) The Mochans have a determined advantage in the production of arrows.
E) The Mochans are engaged in dumping bows and arrows.
Correct Answer:
Verified
Correct Answer:
Verified
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