If England buys hockey sticks from Canada,it tells us:
A) England has an absolute advantage over Canada in making hockey sticks.
B) Canada has an absolute advantage over England in making hockey sticks.
C) England has the comparative advantage over Canada in making hockey sticks.
D) Canada has the comparative advantage over England in making hockey sticks.
Correct Answer:
Verified
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Q5: Comparative advantage is the ability to produce:
A)more
Q6: The increase in welfare in both countries
Q7: For the most part,in the real world,trade
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A) both
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Q11: The Multifibre Arrangement (MFA):
A)was a group of
Q12: If Spain sells soccer balls to the
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A)prices in different countries.
B)workers in
Q14: When a country has the ability to
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