In Malopia,it takes 10 units of resources to increase its output of cocoa from 12 tons to 13 tons,but 11 units of resources to increase output from 13 tons to 14 tons,and 12 units of resources to increase output from 14 tons and 15 tons,and so on.Malopia's problem is an example of
A) comparative advantage.
B) diminishing returns to specialization.
C) absolute advantage.
D) mercantilism.
E) Porter's diamond model.
Correct Answer:
Verified
Q38: Sentoria is an island nation in the
Q39: A zero-sum game is a situation in
Q40: The Republic of Marunia believes that it
Q41: Australia is a major producer of agricultural
Q42: Which of the following statements best indicates
Q44: One of the criticisms against Sisira is
Q45: Consider two countries Daria and Atlantis.Daria is
Q46: Which of the following suggests that trade
Q47: Argonia and Selenia have specialized in the
Q48: Palladia specializes in the production of beef
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