This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A country with comparative advantage is said to produce with a lower ___________ __________ than the ... (Read 107 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
on: Sep 11, 2018
A country with comparative advantage is said to produce with a lower ___________ __________ than the country with which it trades.
 
  a. input costs c. opportunity costs
  b. economic factors d. capital efficiency

Question 2

When it takes China less labor, silk worms, and weaving machines to produce silk fabric, China is said to have a(n) __________________ ________________ in the production of silk.
 
  a. absolute advantage c. competitive advantage
  b. comparative advantage d. efficiency advantage


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

anyusername12131

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Sep 11, 2018
Answer to Question 1

c

Answer to Question 2

a


lb_gilbert

  • Member
  • Posts: 588
Reply 2 on: Sep 11, 2018
Excellent

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

The original Magdeburg hemispheres (lower left) used to demonstrate Otto von Guericke's vacuum The original Magdeburg hemispheres (lower left) used to demonstrate Otto von Guericke's vacuum
How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ... How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ...
Explain how it can be desirable from an intertemporal perspective for a country run a current ... Explain how it can be desirable from an intertemporal perspective for a country run a current ...
Organic Diets Significantly Lower Children’s Dietary Exposure to Organophosphorus Pesticides Organic Diets Significantly Lower Children’s Dietary Exposure to Organophosphorus Pesticides
The large, white flowers of giant saguaro cactus (Carnegiea gigantea) produce sweet nectar. The flow The large, white flowers of giant saguaro cactus (Carnegiea gigantea) produce sweet nectar. The flow
Comparative Morphology Comparative Morphology
Video: Requirements for nervous signals

For a complete list of videos, visit our video library