Solved

The Figure Given Below Represents the PPC in Two Nations

Question 86

True/False

The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4
The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4    -If an individual can produce a good or service with a lower opportunity cost than another individual, then he or she is said to have the comparative advantage.
-If an individual can produce a good or service with a lower opportunity cost than another individual, then he or she is said to have the comparative advantage.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents