Solved

A Country That Has Relatively Large Amounts of a Particular

Question 52

Multiple Choice

A country that has relatively large amounts of a particular resource at its disposal


A) will tend to have an absolute advantage
B) will trade the resource for some good in which that country has an absolute advantage
C) will tend to have a comparative advantage in goods that make heavy use of that resource
D) will trade the resource for some good in which that country has a comparative advantage
E) will tend to have a low exchange rate

Correct Answer:

verifed

Verified

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

Related Questions