Comparative advantage arises because:
A) all resources are equally effective in the production of goods.
B) the division of labor increases efficiency.
C) the division of labor helps market function effectively.
D) not all resources are equally effective in the production of goods.
Correct Answer:
Verified
Q189: If a country has few resources:
A) trade
Q190: Use the following to answer questions
Figure:
Q191: Use the following to answer questions
Figure:
Q192: Comparative advantage exists when one country can
Q194: Suppose that if the United States produced
Q196: Use the following to answer questions
Figure:
Q197: Use the following to answer questions
Figure:
Q198: Use the following to answer questions
Figure:
Q205: Two countries will benefit from trade if
A)
Q211: The law of comparative advantage suggests that
A)
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