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:

Verified
Correct Answer:
Verified
Q46: The law of increasing opportunity costs<br>A) applies
Q47: Nation A pays lower wages to workers
Q48: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8601/.jpg" alt=" Refer
Q49: List and describe the four basic types
Q50: Barriers to free trade impair efficiency in
Q52: When a tariff or quota on a
Q53: Which is an example of a nontariff
Q54: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8601/.jpg" alt=" Refer to the
Q55: An excise tax on imported items is
Q56: The impact of increasing, as opposed to