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Author Question: India has a comparative advantage compared to Spain in the production of clothing if (Read 43 times)

Diane

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on: Apr 19, 2019

Question 1

Thailand has a comparative advantage in rice and an absolute advantage in both rice and cell phones. Indonesia has a comparative advantage in cell phones. According to this scenario


◦ Indonesia should import both cell phones and rice.
◦ Thailand should export both cell phones and rice.
◦ Thailand should export rice and import cell phones.
◦ Indonesia should export rice and import cell phones.

Question 2

India has a comparative advantage compared to Spain in the production of clothing if


◦ India can produce clothing at a lower monetary cost than Spain can.
◦ India can produce clothing using fewer resources than Spain can.
◦ the demand for clothing is higher in India than in Spain.
◦ India can produce clothing at a lower cost in terms of other goods than Spain can.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Diane on Apr 19, 2019

katara

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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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Diane

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Reply #2 on: Apr 19, 2019
TY


katara

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Reply #3 on: Apr 19, 2019
You're welcome


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