Multiple Choice
If you have a comparative advantage in producing a good, it implies:
A) you have a lower marginal cost of producing that good.
B) you have a higher marginal cost of producing that good.
C) you have a lower total cost of producing that good.
D) you have a higher total cost of producing that good.
Correct Answer:
Verified
Correct Answer:
Verified
Q29: Jake can wash 6 cars or mow
Q30: Price tags reduce transaction costs in countries
Q31: Explain how the development of telecommunications has
Q32: Which of the following statements is true
Q33: Prices play a smaller role in _,
Q35: What is the marginal cost rule of
Q36: When the slope of a country's production
Q37: Which of the following statements is true
Q38: Why should an economy specialize and trade
Q39: The closer the exchange price is to