Solved

If Spain Is Capable of Producing Either Tapas or Soccer

Question 46

Multiple Choice

If Spain is capable of producing either tapas or soccer balls or some combination of those two products,then Spain should:


A) produce the good it has an absolute advantage in producing.
B) produce the good it has a comparative advantage in producing.
C) remain self-sufficient if it can produce both efficiently.
D) trade only if it possesses the absolute advantage in the production of both goods.

Correct Answer:

verifed

Verified

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

Related Questions