
The United States is a leading exporter of wheat.What explains the source of the comparative advantage of the United States in wheat production?
A) positive externalities
B) investment by multinational firms such as Archer-Daniels-Midland and Tyson Foods Inc.
C) climate and soil conditions in the United States which are well-suited for wheat production
D) a large supply of unskilled labor
Correct Answer:
Verified
Q83: One of the main sources of comparative
Q84: Japan has developed a comparative advantage in
Q85: A Federal Reserve publication proclaimed that "Trade
Q86: The first example used to explain comparative
Q87: Table 9-6
Output per hour Production and Production
of
Q89: Which of the following statements is true?
A)All
Q90: _ refers to reductions in a firm's
Q91: One reason a country does not specialize
Q92: Trade only occurs if all individuals win,
Q93: Which of the following is not a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents