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Author Question: When one country can produce a product at a ________ cost in terms of other goods, that country is ... (Read 69 times)

ENagel

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on: Apr 19, 2019

Question 1

According to ________, a country should specialize and export goods with the lowest opportunity cost.


◦ the General Agreement on Tariffs and Trade
◦ the Heckscher-Ohlin theorem
◦ the theory of comparative advantage
◦ the theory of absolute advantage

Question 2

When one country can produce a product at a ________ cost in terms of other goods, that country is said to have a(n) ________ advantage.


◦ higher; comparative
◦ lower; comparative
◦ lower; absolute
◦ higher; absolute
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by ENagel on Apr 19, 2019

Anton

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ENagel

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

rachel

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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