The following question are based on the following diagrams:

-From the diagrams,it can be seen that
A) country A has a comparative advantage in both commodities.
B) country B has an absolute advantage in both commodities.
C) country B has a comparative advantage in chemicals.
D) it is more costly in terms of resources to produce steel in country A.
E) the slopes of the two curves indicate both countries will specialize in chemicals.
Correct Answer:
Verified
Q23: The following question are based on the
Q24: If a country maintains its level of
Q25: If there are no barriers to trade,the
Q26: For trade to benefit a nation,its consumption
Q27: If the United States can produce 10,000
Q29: The terms of trade reflect the
A) equation
Q30: A country is said to have a
Q31: Country A can produce either 1,000 tons
Q32: The following question are based on the
Q33: The terms of trade is the
A) amount
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