The United States can grow wheat more efficiently than Japan.The United States has a(n) ________ in wheat production.
A) higher opportunity cost
B) comparative advantage
C) absolute disadvantage
D) absolute advantage
Correct Answer:
Verified
Q182: Suppose the country of Alphaland can produce
Q183: Paolo can walk three dogs or mow
Q185: To gain from trade,a country should:
A) always
Q186: Use the following to answer questions
Figure:
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
Q211: The law of comparative advantage suggests that
A)
Q238: International trade
A) increases consumer prices.
B) increases consumption
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