Solved

If a Country Has an Absolute Advantage in Producing a Good,_____

Question 8

Multiple Choice

If a country has an absolute advantage in producing a good,_____.


A) the country is able to produce that good using fewer resources than other countries
B) the opportunity cost of producing the good is the lowest in that country
C) the productivity of workers in that country is lower than that in all countries
D) the country produces as many units of the good as demanded domestically
E) countries of the same size have the same opportunity cost of producing both goods

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