Solved

If Spanish Workers Can Produce 100 Cars or 50 Elevators

Question 26

Multiple Choice

If Spanish workers can produce 100 cars or 50 elevators and a Russian worker can produce 60 cars or 20 elevators,the theory of comparative advantage would suggest that


A) Russia and Spain will not trade in cars or elevators.
B) Russia should trade elevators for cars made in Spain.
C) Spain should trade elevators for cars made in Russia.
D) None of the above.

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