Multiple Choice
A nation will export the product in which it has a comparative advantage, which results from the good being relatively ____ than in the importing nation.
A) less expensive
B) more expensive
C) lower in quality
D) less available
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q192: For China and India, the result of
Q193: Poland requires 4 hours of labor to
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
Q200: Suppose that there is an improvement in
Q201: In the United States, one worker can
Q202: According to the Ricardian principle of comparative