Which of the following is an example of absolute advantage?
A) Since Turkey controls the Bosporus Strait,the countries on the Black Sea are completely dependent on it for access to the Mediterranean.
B) Portugal is better at producing wine than producing cloth.
C) The United States makes software more efficiently than any other country.
D) Labor can more easily move between industries than can capital.
Correct Answer:
Verified
Q11: Which of these is most likely a
Q12: The trade protection that the United States
Q13: Which of the following is a nontariff
Q14: Why is "intra-industry" trade difficult for the
Q15: Which of the following is a tariff?
A)A
Q17: Which of the following is an example
Q18: Given the following exports,which of these is
Q19: Why does division of labor make international
Q20: Which of these periods was most characterized
Q21: Why does protectionism cause a "deadweight loss"
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