When a country has the ability to produce more of a good than others with a given amount of resources,they:
A) have an absolute advantage.
B) have a comparative advantage.
C) are free-traders.
D) should remain self-sufficient.
Correct Answer:
Verified
Q1: Engaging in international trade has all of
Q2: Trade requires:
A) governments to get together and
Q3: When a country has the ability to
Q5: Comparative advantage is the ability to produce:
A)
Q6: If England buys hockey sticks from Canada,then:
A)
Q7: When two countries specialize and trade:
A) both
Q8: When each country specializes in producing the
Q9: The right decision about what to produce
Q10: Absolute advantage is the ability to produce:
A)
Q11: If Colombia has a comparative advantage over
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