Solved

If Two Countries, a and B, Can Produce the Following

Question 52

True/False

If two countries, A and B, can produce the following amounts of two goods X and Y for a given amount of resources, then country A has a comparative advantage in the production of Good X.
If two countries, A and B, can produce the following amounts of two goods X and Y for a given amount of resources, then country A has a comparative advantage in the production of Good X.

Correct Answer:

verifed

Verified

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

Related Questions

Q44: Over the past few decades, world GDP

Q45: The Doha Agreement has been signed providing

Q46: Which of the following would be classed

Q47: If two countries, A and B, can

Q48: A variety of factors can make trade

Q49: Which of the following statements is false?

Q50: Europe has a smaller share of world

Q51: Sweaters are produced using wool and labour.

Q53: Which of the following is not a

Q54: One of the WTO's rules is that