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Author Question: The advantage in the production of a product enjoyed by one country over another when it uses fewer ... (Read 42 times)

deesands

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on: Apr 19, 2019

Question 1

Country A would have an absolute advantage compared to Country B in the production of corn if


◦ corn can be produced at lower cost in terms of other goods than it could be in Country B.
◦ Country A uses fewer resources to produce corn than Country B does.
◦ the demand for corn is higher in Country A than in Country B.
◦ corn sells for a higher price in Country A than in Country B.

Question 2

The advantage in the production of a product enjoyed by one country over another when it uses fewer resources to produce that product than the other country does is


◦ an absolute advantage.
◦ a comparative advantage.
◦ a relative advantage.
◦ a productive advantage.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by deesands on Apr 19, 2019

frejo

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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deesands

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

FergA

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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