Solved

England 1 Unit Wine =1/2unit Cloth, Portugal 1 Unit Wine

Question 13

Multiple Choice

England 1 unit wine =1/2unit cloth, Portugal 1 unit wine = 1 unit cloth. This is an example of

A) Comparative Cost
B) Absolute Cost
C) Relative Cost
D) Unequal Cost

Related Questions

Q8: According to Adam Smith, international trade is

Q9: Comparative Advantage is expressed in ------- A)Absolute Cost B)Variable

Q10: Factor abundance can be explained using A)Demand curve B)Supply

Q11: Factor intensity is measured in -------terms A)Absolute Cost B)Factor

Q12: If,England 1 wine = 1/2 cloth and

Q14: A nation is capital abundant if A)PK1/PL1 <

Q15: No change in technology, no transport cost,

Q16: Who aid the following, " The esence

Q17: The rate at which goods are exchangeed

Q18: Commodity Y is Capital intensive if ------- A)Ky