Use the following to answer questions
Figure: Ships and Autos in Countries A and B
-(Figure: Ships and Autos in Countries A and B) Two countries manufacture automobiles and ships.Based on the graphs:
A) Country A should specialize in auto manufacturing and B,in ship building.
B) there are no advantages to trade because Country A can produce more of both goods.
C) there are no advantages to trade because the lines are downward sloping.
D) Country A should specialize in ship building and Country B,in auto manufacturing.
Correct Answer:
Verified
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A) always
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Figure:
Q187: The United States can grow wheat more
Q189: If a country has few resources:
A) trade
Q191: Use the following to answer questions
Figure:
Q192: Comparative advantage exists when one country can
Q193: Comparative advantage arises because:
A) all resources are
Q194: Suppose that if the United States produced
Q205: Two countries will benefit from trade if
A)
Q211: The law of comparative advantage suggests that
A)
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