Multiple Choice
According to the theory of comparative advantage, the reason wages are lower in China than in the United States is:
A) the higher cost of living in the United States.
B) lower productivity in China.
C) the lower opportunity cost to work in China.
D) more trade restrictions in the United States.
Correct Answer:
Verified
Correct Answer:
Verified
Q42: What are the three major benefits of
Q220: Iceland produces two goods: Viking hats (Y)
Q221: Use the following to answer questions:<br>Figure: Sofas
Q222: Use the following to answer questions:<br>Figure: Computers
Q223: Use the following to answer questions:<br>Figure: PPF
Q225: Phil can clean and polish silverware in
Q226: The Dark Ages was a period in
Q227: Conan O'Brien hosts the Conan show and
Q228: When comparing two countries with two goods
Q229: Which of the following explains why someone