Solved

According to the Principal of Comparative Advantage

Question 6

Multiple Choice

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents