Multiple Choice
Country A can produce 10 yards of textiles or 6 pounds of food per unit of input.Country B can produce 8 yards of textiles or 5 pounds of food per unit of input.Which of the following statements is true?
A) Country A is relatively more efficient than Country B in the production of food.
B) Country B is relatively more efficient than Country A in the production of textiles.
C) Country A is relatively more efficient than Country B in the production of textiles.
D) none of the options
Correct Answer:
Verified
Correct Answer:
Verified
Q13: The first two columns give the
Q14: The table below shows the bushels
Q15: Suppose Mexico is a major export market
Q16: Suppose you start with $100 and buy
Q17: The gains from trade<br>A)are likely realized in
Q19: Country A can produce 10 yards of
Q20: Privatization refers to the process of<br>A)having government
Q21: The table below shows the bushels
Q22: For case II,let the international price
Q23: Deregulated financial markets and heightened competition in