Multiple Choice
Poland requires 4 hours of labor to produce 1 ton of coal and 1 hour of labor to produce a bushel of wheat. The Czech Republic requires 6 hours of labor to produce 1 ton of coal and 1 hour of labor to produce a bushel of wheat. Which country has a comparative advantage in the production of wheat?
A) Poland
B) the Czech Republic
C) Neither country has a comparative advantage.
D) Both countries have a comparative advantage.
Correct Answer:
Verified
Correct Answer:
Verified
Q188: What is the MOST likely reason why
Q189: When a firm in one nation purchases
Q190: In an autarkic situation, demonstrate that a
Q191: (Figure: Indifference Curves) Which point on the
Q192: For China and India, the result of
Q194: In the United States, one worker can
Q195: Home has a comparative advantage in wheat,
Q196: Several economists have hypothesized that the terms
Q197: Chile and Argentina each produce jellybeans and
Q198: (Figure: Indifference Curves) Of the following points