Exhibit 19-1
-In Exhibit 19-1, the opportunity cost of 1 ton of rice in Costa Rica is
A) 0
B) 10 t-shirts
C) 20 t-shirts
D) 30 t-shirts
E) 40 t-shirts
Correct Answer:
Verified
Q21: In autarky,
A)each country's consumption possibilities are the
Q38: If a country has an absolute advantage
Q45: Absolute advantage
A)is the same as comparative advantage
B)implies
Q45: Exhibit 19-1 Q46: A country should export only those goods Q48: The rate at which two countries trade Q53: Which of the following factors is the Q56: To maximize worldwide gains from trade, the Q58: A nation's consumption possibilities frontier is Q65: One reason for international specialization in production
A)always the
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