A country has a comparative advantage in a good if
A. It always has an absolute advantage in the production of the good.
B. It can produce more of the good than another country.
C. It can specialize only in two goods.
D. It can produce a good at a lower opportunity cost relative to another country.
Answer: D
Economics
You might also like to view...
Many college football teams require a "donation" in order to purchase season tickets. This is an example of
A) price gouging. B) tie-in sale. C) two-part pricing. D) anti-competitive behavior.
Economics
A Lorenz curve measures the ________ on the vertical axis
A) cumulative percentage of money income B) cumulative percentage of family wealth C) cumulative percentage of families D) demand of families on welfare
Economics