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Author Question: Which of the following is correct about comparative advantage? A) Some countries will have a ... (Read 66 times)

littleanan

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on: Jun 29, 2018
Which of the following is correct about comparative advantage?
 
  A) Some countries will have a comparative advantage in everything.
  B) A country has a comparative advantage in the production of a good if it can produce the good at lower opportunity cost than any other country.
  C) Having a comparative advantage without an absolute advantage is impossible.
  D) A comparative advantage in a good means that the country can produce more of the good than any other country.
  E) None of the above answers is correct.

Question 2

In the United States, the ________ has the official responsibility for foreign exchange intervention.
 
  A) State Department B) International Trade Commission
  C) Department of Commerce D) Treasury Department


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AISCAMPING

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

B

Answer to Question 2

D


littleanan

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

nothere

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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