Table 17.1
-Refer to Table 17.1. Suppose Aharoni and Kalinga are the only two countries in the world and they produce computers and shoes. Aharoni has 100 workers, and Kalinga has 200 workers. The table below shows the per-day production possibilities for each country. Aharoni has
A) an absolute advantage in computers only.
B) an absolute advantage in shoes only.
C) a comparative advantage in computers.
D) a comparative advantage in shoes.
E) neither an absolute advantage nor a comparative advantage in computers.
Correct Answer:
Verified
Q8: If a country has an absolute advantage
Q13: In determining comparative advantage,the cost of producing
Q16: International trade is most likely to occur
Q18: For each fancy dress Cafilla produces,it gives
Q19: Autarky is:
A)the situation of national self-sufficiency,in
Q27: The consumption possibilities frontier shows:
A)a nation's possible
Q30: Which of the following is true of
Q32: Terms of trade refers to _
A) the
Q33: The basis of the benefits of specialization
Q34: The top trading partners for U.S. exports
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