Solved

Suppose Chile Has a Lower Opportunity Cost in Producing Salmon

Question 46

Multiple Choice

Suppose Chile has a lower opportunity cost in producing salmon than South Korea,and South Korea has a lower opportunity cost in producing cars than Chile,then Chile has:


A) An absolute advantage in producing both salmon and cars.
B) A comparative advantage in producing both salmon and cars.
C) A comparative advantage in producing cars,while South Korea has a comparative advantage in producing salmon.
D) A comparative advantage in producing salmon,while South Korea has a comparative advantage in producing cars.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents