If a country has the ability to produce a specific good with fewer resources than other countries,then it has:
A) A comparative advantage.
B) A trade surplus.
C) Favorable terms of trade.
D) An absolute advantage.
Correct Answer:
Verified
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Q49: If the United States has a comparative
Q50: Suppose Nigeria has a comparative advantage in
Q51: Terms of trade refers to:
A) Credit arrangements
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Q54: If a country pursues its comparative advantage:
A)
Q55: The terms of trade between two goods
Q56: When a country pursues its comparative advantage:
A)
Q57: If a country has a comparative advantage
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