This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: According to the theory of comparative advantage, a country should (Read 81 times)

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
on: Apr 19, 2019

Question 1

Country A has a comparative advantage compared to Country B in the production of shoes if


◦ Country A can produce shoes at a lower monetary cost than Country B can.
◦ Country A can produce shoes using fewer resources than Country B can.
◦ the demand for shoes is higher in Country A than in Country B.
◦ Country A can produce shoes at a lower cost in terms of other goods than Country B can.

Question 2

According to the theory of comparative advantage, a country should


◦ specialize in and export goods with the highest opportunity cost.
◦ specialize in and export goods with the lowest production cost.
◦ specialize in and export goods with the lowest opportunity cost.
◦ specialize in and export goods with the lowest average cost.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by maegan_martin on Apr 19, 2019

honnalora

  • Sr. Member
  • ****
  • Posts: 325
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.
Answer Preview
Only 25% of students answer this correctly


maegan_martin

  • Member
  • Posts: 532
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

strudel15

  • Member
  • Posts: 324
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Explaining “Moving Continents”— The Theory of Plate Tectonics Explaining “Moving Continents”— The Theory of Plate Tectonics
This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
French and U.S. presidential elections in 2012 illustrate the durability of political culture and ho French and U.S. presidential elections in 2012 illustrate the durability of political culture and ho
Gender Schema Theory Gender Schema Theory
Average Annual Growth Rates of Population by Country Group Average Annual Growth Rates of Population by Country Group
Activation Synthesis Theory of Dreams Activation Synthesis Theory of Dreams
Video: X chromosome inactivation in calico cats

For a complete list of videos, visit our video library