A country with a lot of land relative to its population may have a comparative advantage in:
A) land-intensive activities.
B) capital-intensive activities.
C) labor-intensive activities.
D) technology-intensive activities.
Correct Answer:
Verified
Q16: If Colombia has a comparative advantage over
Q17: When each country specializes in producing the
Q19: Both countries can benefit from trade when:
A)at
Q19: Voluntary exchanges between _ generates surplus.
A) firms
B)
Q20: If Japan has an absolute advantage over
Q22: As workforces become more educated in countries
Q23: A country is likely to have a
Q24: In reality,trade requires:
A)governments to get together and
Q26: Over time,technology tends to:
A)spread from country to
Q30: As workforces become more educated in countries
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