In determining comparative advantage,the cost of producing a good is measured in terms of:
A) foreign currency.
B) domestic currency.
C) only gold.
D) marginal cost of the resources employed.
E) opportunities forgone.
Correct Answer:
Verified
Q8: If a country has an absolute advantage
Q9: The terms of trade refers to:
A)the quantity
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Q11: The law of comparative advantage states that:
A)each
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Q14: Which of the following does not result
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