Solved

If Nation a Requires More Resources to Produce Each Bale

Question 51

Multiple Choice

If Nation A requires more resources to produce each bale of cloth than Nation B does, then we say that


A) Nation A has the absolute advantage over Nation B in producing cloth.
B) Nation B has the absolute advantage over Nation A in producing cloth.
C) Nation A has the comparative advantage over Nation B in producing cloth.
D) Nation B has the comparative advantage over Nation A in producing cloth.

Correct Answer:

verifed

Verified

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

Related Questions