The United States imports t-shirts because
A) it is a dangerous job to produce them.
B) the United States has a lower opportunity cost of production.
C) the United States must import goods and services from other countries so that they can develop economically.
D) foreign economies have an absolute advantage in their production.
E) foreign nations have a lower opportunity cost of production.
E
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Explain whether it is possible for a country to have an absolute advantage in the production of a product without having a comparative advantage in the production of that product
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In the generalized dividend model, a future sales price far in the future does not affect the current stock price because
A) the present value cannot be computed. B) the present value is almost zero. C) the sales price does not affect the current price. D) the stock may never be sold.