Multiple Choice
Comparative advantage is based on:
A) capital costs
B) labour costs
C) dollar price
D) opportunity costs
Correct Answer:
Verified
Correct Answer:
Verified
Q110: If capital in China is less productive
Q111: Table 3-1<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q112: Adam Smith:<br>A)was one of the first scholars
Q113: Trade is likely to:<br>A)lead to self-sustaining countries<br>B)reduce
Q114: Graph 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-2
Q116: Graph 3-1<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-1
Q117: Graph 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-2
Q118: Imports arise because:<br>A)the importing country can produce
Q119: Graph 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-2
Q120: The principle of comparative advantage was developed