Multiple Choice
Which of the following is true?
A) A nation cannot have a comparative advantage in the production of every good.
B) A nation cannot have an absolute advantage in the production of every good.
C) A nation can have a comparative advantage in the production of every good, but not an absolute advantage.
D) A nation can have a comparative advantage in the production of a good only if it also has an absolute advantage.
Correct Answer:

Verified
Correct Answer:
Verified
Q57: If a nation has "cheap" labor,<br>A)it can
Q58: Imposing a quota on metal softball bats
Q59: Which of the following is one reason
Q60: If an exporter's supply curve of a
Q61: A crucial difference between the impact of
Q63: A country that is half as productive
Q64: If the United States could produce 1
Q66: The idea behind comparative advantage reflects the
Q67: Reducing existing tariffs on tomatoes would:<br>A)reduce imports
Q100: "Trade restrictions will stop foreign imports, which