The idea behind comparative advantage reflects the possibility that one party
A) may be able to produce something relatively more efficiently than another.
B) may be able to produce something at a lower opportunity cost than another.
C) may be able to produce something more cheaply than another.
D) all of the above
Correct Answer:
Verified
Q87: Assume that Germany can produce 10 million
Q88: In Bangladesh one person can produce 330
Q89: If discussing trade, it is _ which
Q90: The difference between the price the seller
Q91: When markets reach the _ price all
Q93: If a nation has a comparative disadvantage
Q94: Compared to the no-trade situation, when a
Q95: If nations begin to expand their specialization
Q96: Suppose that the U.S. can make 15
Q97: Which of the following is true?
A)A nation
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