Solved

Sloimekia Can Manufacture More of a Certain Kind of Cloth

Question 43

Multiple Choice

Sloimekia can manufacture more of a certain kind of cloth than its neighboring countries, although they all have the same amount of resources for the cloth's production. In this scenario, which of the following statements is true of Sloimekia?


A) It has a higher trade surplus than its neighboring countries.
B) It enjoys an absolute advantage in terms of the particular cloth it produces.
C) It enjoys the highest balance of trade among its neighboring countries.
D) It has a lower balance of payments and a lower trade deficit for the particular cloth produced.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents