A country is said to have a comparative advantage in the production of a good when it:
A) has the lower opportunity cost of producing the good.
B) can produce the good using fewer resources than another country.
C) requires fewer labor hours to produce the good.
D) all of these.
Correct Answer:
Verified
Q9: If the United States were to adopt
Q20: Comparative advantage indicates that:
A) specialization and exchange
Q26: Following the principle of comparative advantage, specialization:
A)
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Q30: Suppose that the Zubians can produce 1000
Q34: Comparative advantage indicates that:
A) specialization and exchange
Q36: According to the principle of comparative advantage,
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Q158: The theory of comparative advantage suggests that
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