If someone has a comparative advantage in growing pineapples,
A) she can grow pineapples at a lower opportunity cost than other pineapple growers.
B) she also has an absolute advantage in growing pineapples.
C) she can grow more pineapples using the same resources than other pineapple growers.
D) pineapples are the only product she can grow.
Correct Answer:
Verified
Q13: Capital, as economists use the term,
A) is
Q14: Which of the following is not a
Q15: Which of the following does not constitute
Q16: The concept of opportunity cost is based
Q17: The process by which resources are transformed
Q19: According to the theory of comparative advantage,
Q20: Refer to the information provided in
Q21: An example of an investment is
A) the
Q22: Refer to the information provided in Figure
Q23: Refer to the information provided in Figure
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