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Author Question: A country with comparative advantage is said to produce with a lower ___________ __________ than the ... (Read 35 times)

lb_gilbert

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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


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anyusername12131

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Reply #1 on: Sep 11, 2018
Answer to Question 1

c

Answer to Question 2

a


lb_gilbert

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Reply 2 on: Sep 11, 2018
Thanks for the timely response, appreciate it

bdobbins

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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