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

Author Question: If Country A has a comparative advantage in the production of good X relative to Country B, (Read 93 times)

Bobvance

  • Full Member
  • ***
  • Posts: 154
on: Oct 12, 2022

Question 1

The concept of comparative advantage in international trade is based on ________ as opposed to absolute costs.
◦ total cost
◦ average cost
◦ opportunity costs
◦ relative prices
◦ absolute prices

Question 2

If Country A has a comparative advantage in the production of good X relative to Country B,
◦ then Country A also has an absolute advantage in the production of some good other than X.
◦ then the opportunity cost of producing X in Country A is lower than in Country B.
◦ then the opportunity cost of producing X in Country A is higher than in Country B.
◦ then Country A also has an absolute advantage in the production of this good.
◦ We do not have enough information to say anything about relative opportunity costs.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Bobvance on Oct 12, 2022

Sophia0717

  • Full Member
  • ***
  • Posts: 162
Reply #1 on: Oct 12, 2022
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 56% of students answer this correctly


Bobvance

  • Member
  • Posts: 154
Reply 2 on: Oct 12, 2022
Excellent

chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Pathway of urine production and elimination. Pathway of urine production and elimination.
The comparative brain sizes of different species The comparative brain sizes of different species
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ... Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
Peanut butter is good source of protein Peanut butter is good source of protein
Major U.S. Centers of Cattle, Corn, Wheat, and Soybean Production Major U.S. Centers of Cattle, Corn, Wheat, and Soybean Production
Production and Prices in Richland and Poorland Production and Prices in Richland and Poorland
Video: DNA Sequences - Dideoxy Sequencing

For a complete list of videos, visit our video library