Solved

Which of the Following Is Correct with Respect to Absolute

Question 165

Multiple Choice

Which of the following is correct with respect to absolute and comparative advantage?


A) Brazilian coffee beans are a good example of comparative advantage.
B) Absolute advantage exists when a country can produce something more cheaply and/or of higher quality than the next three most efficient countries.
C) A country has a comparative advantage when it can produce a product more efficiently or better than most (but not all) other countries.
D) All countries have a comparative advantage in some products.
E) All of these are correct.

Correct Answer:

verifed

Verified

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

Related Questions