Comparative advantage is based on
A) comparing physical endowments, such as mineral resources, of two countries.
B) two countries producing the same good.
C) differences in opportunity costs between two countries.
D) one country being able to out-produce another country in some good.
E) comparing the capital accumulations of two countries.
Correct Answer:
Verified
Q5: If the world price of a good
Q6: Q7: Q8: A country exports a good if Q9: If you buy a DVD player produced Q11: If Australia imports medicines, then the quantity Q12: How can a domestic producer determine whether Q13: Australia imports motor vehicles because Q14: When a country exports a good because Q15: 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
A) the
A) foreign economies
