A country will have a ________ in goods whose production uses its relatively ______ factor of production.
A) comparative advantage, scare
B) comparative advantage, abundant
C) absolute advantage, scare
D) absolute advantage, abundant
E) comparative disadvantage, abundant
Correct Answer:
Verified
Q2: If a nation X can produce both
Q3: By importing something which is cheaper internationally
Q4: Trade _ the price of the abundant
Q5: In a labor-abundant country, trade would tend
Q6: Latin America's abundant factor of production is:
A)
Q7: If a worker in Chile earns 100
Q8: As of 2013, Latin America has a
Q9: If Brazil is a labor abundant country,
Q10: The effects of trade on the distribution
Q11: Latin American economies tend to be labor
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