The right decision about what to produce and who to trade with happens:
A) automatically.
B) when governments publish comparative advantage numbers.
C) only after firms research the cost of inputs such as labor and raw materials,and the sale prices of different goods you could produce,and calculate the most profitable option.
D) None of these is true.
Correct Answer:
Verified
Q28: A country with plenty of capital and
Q35: An important determinant of comparative advantage is:
A)diversity
Q36: Once a new technology spreads and is
Q37: Technology or production processes developed in a
Q39: A national characteristic that affects the cost
Q41: This graph demonstrates the domestic demand and
Q42: This graph demonstrates the domestic demand and
Q43: This graph demonstrates the domestic demand and
Q44: This graph demonstrates the domestic demand and
Q45: This graph demonstrates the domestic demand and
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