Multiple Choice
If resources and goods are free to move across states and if Oregon producers choose to specialize in producing honey while California producers choose to specialize in growing almonds, then we could reasonable conclude that:
A) California has a comparative advantage in producing almonds.
B) Oregon has a comparative advantage in producing honey.
C) the opportunity cost of growing almonds is lower in California than in Oregon.
D) all of the above are true.
Correct Answer:

Verified
Correct Answer:
Verified
Q95: Trade between countries tends to<br>A)reduce both competition
Q110: If Xavier gives up a job in
Q112: Quarts of orange juice at a local
Q113: When a person possesses a comparative advantage
Q114: An example of physical capital is:<br>A)a $100
Q116: The function of an entrepreneur is to:<br>A)bear
Q117: Explain why each of the following is
Q118: Which of the following is not an
Q119: Almost everyone is affected directly or indirectly
Q120: Which of the following is the most