A nation having absolute disadvantages in the production of two goods with respect to another nation has a/an ___________ in the production of the good in which its absolute disadvantage is less.
A) comparative advantage
B) absolute advantage
C) mercantilist advantage
D) competitive advantage
E) monopolistic advantage
Correct Answer:
Verified
Q70: Adam Smith claimed
A) that governments, not market
Q71: The international product life cycle theory
A) may
Q72: The theory of overlapping demand
A) explains how
Q73: The capability of one nation to produce
Q74: Which of the following statements is not
Q76: The theory of overlapping demand suggests that
A)
Q77: A country _ when it decides to
Q78: Economies of scale and the experience curve
A)
Q79: Experience curve
A) refers to the rising scale
Q80: A market situation in which there is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents