Australia imports motor vehicles because
A) foreign economies have an absolute advantage in their production.
B) Australia has a lower opportunity cost of production.
C) foreign nations have a lower opportunity cost of production.
D) it is a dangerous job to produce them.
E) Australia must import goods and services from other countries so that they can develop economically.
Correct Answer:
Verified
Q8: A country exports a good if
A) the
Q9: If you buy a DVD player produced
Q9: With no international trade, the Australian price
Q10: Comparative advantage is based on
A) comparing physical
Q11: If Australia imports medicines, then the quantity
Q12: How can a domestic producer determine whether
Q14: When a country exports a good because
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