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Author Question: The Dominican Republic has a comparative advantage in the production of tobacco, and Panama has a ... (Read 92 times)

torybrooks

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on: Apr 19, 2019

Question 1

If Mexico has a comparative advantage in the production of oil compared to France, then


◦ Mexico also has an absolute advantage in the production of oil.
◦ France has an absolute advantage in the production of oil.
◦ Mexico can produce oil at a lower opportunity cost than France.
◦ France cannot produce oil.

Question 2

The Dominican Republic has a comparative advantage in the production of tobacco, and Panama has a comparative advantage in the production of oranges. If both countries specialize based on the theory of comparative advantage


◦ only the production of tobacco will increase.
◦ only the production of both goods will increase.
◦ only the consumption of both goods will increase.
◦ the production and consumption of both goods will increase.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by torybrooks on Apr 19, 2019

trog

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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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torybrooks

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Reply #2 on: Apr 19, 2019
Excellent


trog

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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