If England buys hockey sticks from Canada,then:
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
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
Q4: When a country has the ability to
Q5: Comparative advantage is the ability to produce:
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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