Multiple Choice
Which of the following is NOT true concerning comparative advantage?
A) The comparative advantage is determined by which person can produce a good using fewer inputs.
B) The principle of comparative advantage applies to countries as well as people.
C) Economists use the principle of comparative advantage to advocate free trade.
D) Gains from trade are based on the principle of comparative advantage.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Suppose a gardener produces both green beans
Q2: Trade can benefit society as a whole
Q4: Table 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-3
Q6: Table 3-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-6
Q7: A rancher can produce only hamburgers, while
Q8: Figure 3-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 3-6
Q9: Table 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-3
Q10: Table 3-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-2
Q18: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-2
Q41: Trade allows a country to consume outside