Multiple Choice
Assume that Bulgaria has a comparative advantage in producing sandals and Finland imports sandals from Bulgaria.We can conclude that
A) Bulgaria also has an absolute advantage in producing sandals relative to Finland.
B) Bulgaria has a lower opportunity cost of producing sandals relative to Finland.
C) Finland has an absolute disadvantage in producing sandals relative to Bulgaria.
D) labour costs are higher for sandal producers in Finland than in Bulgaria.
Correct Answer:
Verified
Correct Answer:
Verified
Q64: Table 13.6<br>Production and<br>Consumption Production<br>Without Trade With Trade
Q66: One reason a country does not specialise
Q69: Which of the following is true about
Q70: Why do firms offshore?<br>A)To obtain a higher
Q71: Table 13.6<br>Production and<br>Consumption Production<br>Without Trade With Trade
Q72: Table 13.6<br>Production and<br>Consumption Production<br>Without Trade With Trade
Q73: Countries that engage in trade will tend
Q102: One of the main sources of comparative
Q170: Examples of _ show how trade between
Q373: If a country has a comparative advantage