According to the principal of comparative advantage
A) a country that produce goods at the lowest absolute cost will export those goods.
B) a country will import goods it can produce at the lowest relative cost.
C) a country will export goods it can produce at the lowest relative cost.
D) a country will only import those goods that it cannot produce for itself.
Correct Answer:
Verified
Q2: Which of the following is likely to
Q2: If the Mexican peso (MXN)to Brazilian real
Q4: Which of the following is likely to
Q5: If the U.S.can produce pizza for $5
Q7: Which of the following is likely to
Q9: If a currency such as the US$
Q18: An exchange rate is
A)the price of one
Q19: If there are increasing returns to scale,
Q20: The U.S. can produce pizza for $7.50
Q62: The ability to produce a good at
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