Multiple Choice
Which of the following is correct about comparative advantage?
A) A comparative advantage in a good means that the country can produce more of the good than any other country.
B) A country has a comparative advantage in the production of a good if it can produce the good at a lower opportunity cost than any other country.
C) Some countries will have a comparative advantage in everything.
D) Having a comparative advantage without an absolute advantage is impossible.
E) None of the above answers is correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: A production possibilities frontier shows<br>A)that if price
Q9: Specialisation and trade make a country better
Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1012/.jpg" alt=" -The above figure
Q11: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1012/.jpg" alt=" -The figure above
Q12: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1012/.jpg" alt=" -In the above
Q14: A country produces only cans of soup
Q15: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1012/.jpg" alt=" -Suppose that Germany,France,Estonia
Q16: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1012/.jpg" alt=" -The above figure
Q17: To increase its economic growth,a nation should<br>A)eliminate
Q18: Which of the following statements is correct?<br>A)A