This topic contains a solution. Click here to go to the answer

Author Question: According to the principle of comparative advantage, a. a country will benefit by specializing in ... (Read 83 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
According to the principle of comparative advantage,
 a. a country will benefit by specializing in the production of goods in which it has a relatively lower cost of production.
  b. a country will benefit by specializing in the production of goods in which it has a relatively higher cost of production.
  c. a country will benefit by importing goods in which it has a relatively low opportunity cost.
  d. a country will benefit by becoming economically self-sufficient.

Question 2

Henry Ford is most recognized for:
 a. inventing new technology to further the steel production process.
  b. developing the first investment banks.
  c. implementing the first progressive, moving assembly-line system for large, complex final products.
  d. playing an integral role in developing the first American factory.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Carissamariew

  • Sr. Member
  • ****
  • Posts: 359
Answer to Question 1

a. a country will benefit by specializing in the production of goods in which it has a relatively lower cost of production.

Answer to Question 2

c. implementing the first progressive, moving assembly-line system for large, complex final products.




Davideckstein7

  • Member
  • Posts: 555
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


Liddy

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

For a complete list of videos, visit our video library