Table 3.2
-Producer A has a comparative advantage over Producer B if,in producing a good,
A) A can produce more of the good than B can in a given time period.
B) A has a lower opportunity cost of producing the good than does B.
C) A has to trade off more than B does to produce the good.
D) A has a higher opportunity cost of producing the good than does B.
Correct Answer:
Verified
Q22: Q23: Suppose a car is completely produced and Q24: For country A,an export is a good Q25: A rich nation will trade with a Q26: _ is another term for "offshoring." Q28: A product produced in a foreign country Q29: For country A,an import is a good Q30: _ occurs when a firm is shifting Q31: A product produced in the home country Q32: ![]()
A) Outsourcing
B)![]()
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