The most desired goods and services that are given up in order to obtain something else is the:
A) Comparative advantage.
B) Absolute advantage.
C) Opportunity cost.
D) Advantage cost.
Correct Answer:
Verified
Q33: Which of the following is a gain
Q34: If a country specializes in production and
Q35: World output of goods and services increases
Q36: Specialization and trade:
A) Reduce consumption possibilities.
B) Increase
Q37: Which of the following is true?
A) Large
Q39: Consumption possibilities refers to the:
A) Maximum amount
Q40: Specialization and trade benefits:
A) Both rich countries
Q41: Terms of trade refer to:
A) Negotiations made
Q42: Comparative advantage refers to a country's:
A) Ability
Q43: If a country has an absolute advantage,it
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