Solved

If Everyone Had the Same Opportunity Cost of Producing a Particular

Question 89

Multiple Choice

If everyone had the same opportunity cost of producing a particular good,then


A) everyone would have the same absolute advantage.
B) no one would have an absolute advantage.
C) everyone would have the same comparative advantage.
D) the absolute advantage would be the same for everyone but the comparative advantage would vary.
E) the absolute and comparative advantage would be the same for everyonE.

Correct Answer:

verifed

Verified

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

Related Questions

Q84: A reduction in the length of the

Q85: Which of the following statements is always

Q86: Smith and Jones comprise a two-person economy.Their

Q87: Yolanda can produce 2 dresses or 4

Q88: The reason a family doctor would send

Q90: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3713/.jpg" alt=" -Bobby Jo's opportunity

Q91: Lou and Alex live together and share

Q92: If Jane can produce 3 pairs of

Q93: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3713/.jpg" alt=" -The comparative advantage

Q94: Which of the following statements best describe