If France can produce grapes at a higher opportunity cost than any other nation, France is said to have a(n) _______ in the production of grapes.
A) comparative advantage
B) absolute advantage
C) comparative disadvantage
D) autarky
Correct Answer:
Verified
Q21: Recall Application 3, "Are They Really Dumping?"
Q22: Suppose France produces only two goods, airplanes
Q23: Suppose the United States produces only two
Q24: Recall Application 4, "Trade, Consumption and Inequality,"
Q25: The increase in the U.S trade deficit
Q28: Autarky refers to:
A) the equilibrium a nation
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