The United States imports t-shirts because
A) it is a dangerous job to produce them.
B) foreign nations have a lower opportunity cost of production.
C) the United States has a lower opportunity cost of production.
D) foreign economies have an absolute advantage in their production.
E) the United States must import goods and services from other countries so that they can develop economically.
Correct Answer:
Verified
Q4: If you buy a DVD player produced
Q5: One of the major reasons why the
Q6: The United States exports
A) goods only.
B) services
Q7: If the United States starts to import
Q8: How can a domestic producer determine whether
Q10: Goods and services that the United States
Q11: Of the following,_ account(s)for the largest share
Q12: Goods and services that the United States
Q13: All of the following statements about the
Q14: The fundamental force that generates international trade
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