If the United States has a comparative advantage in the production of computer software,then:
A) It can produce software with fewer absolute resources than another country.
B) It can produce software with a lower opportunity cost than another country.
C) It is relatively expensive for the United States to produce software.
D) The United States will import software.
Correct Answer:
Verified
Q44: Suppose Brazil has a comparative advantage in
Q45: If a country has a lower opportunity
Q46: Suppose Chile has a lower opportunity cost
Q47: Suppose the United States has a lower
Q48: If a country can produce rice with
Q50: Suppose Nigeria has a comparative advantage in
Q51: Terms of trade refers to:
A) Credit arrangements
Q52: If a country has the ability to
Q53: If a country can produce cars with
Q54: If a country pursues its comparative advantage:
A)
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