Comparative advantage is determined by
A) the amount of resources needed to produce a good
B) the money cost of producing any good
C) the opportunity cost of producing any good
D) absolute advantage and production possibilities combined
E) the level of demand for a good
Correct Answer:
Verified
Q46: A country should export only those goods
Q47: World output will be maximized if each
Q48: The rate at which two countries trade
Q49: International trade does all the following except
A)allow
Q50: Exhibit 19-2 Q52: Which of the following is not true Q53: Which of the following factors is the Q54: Which of the following is true? Q55: Exhibit 19-2 Q56: To maximize worldwide gains from trade, the
A)International trade
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