If India produces more furniture than China by using the same quantity of raw materials, and both use the same amount of raw materials for manufacturing a ship. Which of the following is true of the scenario?
A) India has an absolute advantage over China in manufacturing ships.
B) China has an absolute advantage over India in manufacturing ships.
C) India has an absolute advantage over China in producing furniture.
D) China has an absolute advantage over India in producing furniture.
Correct Answer:
Verified
Q100: Attempts to build exporting opportunities abroad through
Q101: The balance of trade is:
A) a measure
Q102: Which of the following statements is true
Q103: A measure of the total flow of
Q104: When the total value of a nation's
Q106: With a particular amount of labor and
Q107: In international trade, access to factors of
Q108: Which of the following best defines comparative
Q109: Which of the following is a key
Q110: A review of the recent experience of
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