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

Author Question: A country with comparative advantage is said to produce with a lower ___________ __________ than the ... (Read 105 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
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
Answer to Question 1

c

Answer to Question 2

a




lb_gilbert

  • Member
  • Posts: 588
Reply 2 on: Sep 11, 2018
Wow, this really help


kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Excellent

 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

For a complete list of videos, visit our video library