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

Author Question: According to the theory of comparative advantage, a country should (Read 53 times)

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
on: Apr 19, 2019

Question 1

Country A has a comparative advantage compared to Country B in the production of shoes if


◦ Country A can produce shoes at a lower monetary cost than Country B can.
◦ Country A can produce shoes using fewer resources than Country B can.
◦ the demand for shoes is higher in Country A than in Country B.
◦ Country A can produce shoes at a lower cost in terms of other goods than Country B can.

Question 2

According to the theory of comparative advantage, a country should


◦ specialize in and export goods with the highest opportunity cost.
◦ specialize in and export goods with the lowest production cost.
◦ specialize in and export goods with the lowest opportunity cost.
◦ specialize in and export goods with the lowest average cost.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by maegan_martin on Apr 19, 2019

honnalora

  • Sr. Member
  • ****
  • Posts: 325
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.
Answer Preview
Only 25% of students answer this correctly


maegan_martin

  • Member
  • Posts: 532
Reply 2 on: Apr 19, 2019
:D TYSM

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Theory of Mind Theory of Mind
Applying Signal Detection Theory Applying Signal Detection Theory
Stressing that education reproduces a country’s social class system, conflict theorists point out ... Stressing that education reproduces a country’s social class system, conflict theorists point out ...
Four kinds of evidence supporting the theory that species evolve. Four kinds of evidence supporting the theory that species evolve.
GDP per Capita by Country Group, 1820–2008 GDP per Capita by Country Group, 1820–2008
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 ...
Video: Hormonal regulation of pregnancy - weeks 17 through 38

For a complete list of videos, visit our video library