Multiple Choice
Which of the following is an example of absolute advantage?
A) A forest where rare species of flower grows.
B) A country where it is cheaper to produce coffee.
C) A country where products have been produced for a great many years.
D) All of the above are examples.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: H-O explains the link between<br>A) factor endowments
Q7: When the WTO ruled that the EU
Q8: Gold reserves represent a minor portion of
Q9: The concept of Absolute Advantage indicates that
Q10: Laissez-faire means literally "make freely" or, more
Q12: The biggest exporting region for automotive products
Q13: Production can be predicted by human skills
Q14: Which stage of Product Life Cycle is
Q15: Lower comparative production costs, in comparison with
Q16: An example of a country with increased