Author Question: The infant industry argument is that A) comparative advantage is irrelevant to economic growth. ... (Read 50 times)

clmills979 · **on:** Jun 30, 2018

The infant industry argument is that

A) comparative advantage is irrelevant to economic growth.
B) developing countries have a comparative advantage in agricultural goods.
C) developing countries have a comparative advantage in manufacturing.
D) developing countries have a potential comparative advantage in manufacturing.
E) developing countries have no chance to compete with industrialized countries.

Question 2

Given the information in the table above, Home's opportunity cost of widgets is

A) 0.5.
B) 2.0.
C) 6.0.
D) 1.5.
E) 3.0.