Multiple Choice
Below is the productivity per worker (kilos per day) in the wheat and bean industries of Caledonia and Ibrox.The working population in each country is 16 million people.
-What is comparative advantage?
A) The advantage gained from producing something at a lower opportunity cost than other producers are able to.
B) An advantage in production as a result of possessing better skills,or equipment or resources in comparison to other individuals or countries.
C) An econoMac policy of protecting domestic producers by restricting the importation of foreign products.
D) A government regulation which controls how much of a single product can be sold or produced in a competitive market.
Correct Answer:

Verified
Correct Answer:
Verified
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Q27: Table 13.14 shows the output of kumquats
Q28: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5692/.jpg" alt=" -Refer to above
Q30: Table 13.14 shows the output of kumquats
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Q32: Table 13.14 shows the output of kumquats
Q33: Table 13.14 shows the output of kumquats
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