This topic contains a solution. Click here to go to the answer

Author Question: According to the principle of comparative advantage, a. a country will benefit by specializing in ... (Read 34 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
According to the principle of comparative advantage,
 a. a country will benefit by specializing in the production of goods in which it has a relatively lower cost of production.
  b. a country will benefit by specializing in the production of goods in which it has a relatively higher cost of production.
  c. a country will benefit by importing goods in which it has a relatively low opportunity cost.
  d. a country will benefit by becoming economically self-sufficient.

Question 2

Henry Ford is most recognized for:
 a. inventing new technology to further the steel production process.
  b. developing the first investment banks.
  c. implementing the first progressive, moving assembly-line system for large, complex final products.
  d. playing an integral role in developing the first American factory.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Carissamariew

  • Sr. Member
  • ****
  • Posts: 359
Answer to Question 1

a. a country will benefit by specializing in the production of goods in which it has a relatively lower cost of production.

Answer to Question 2

c. implementing the first progressive, moving assembly-line system for large, complex final products.




Davideckstein7

  • Member
  • Posts: 555
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

For a complete list of videos, visit our video library