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Author Question: Refer to Figure 2-11. If the two countries have the same amount of resources and the same ... (Read 21 times)

melly21297

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on: Jun 29, 2018
Refer to Figure 2-11. If the two countries have the same amount of resources and the same technological knowledge, which country has an absolute advantage in the production of cotton?
 
  A) They have the same advantage. B) Pakistan
  C) Indonesia D) cannot be determined

Question 2

If marginal benefit is greater than marginal cost, output is inefficiently high.
 
  Indicate whether the statement is true or false
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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micaelaswann

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

FALSE


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