Canada is said to have an absolute advantage vis-à-vis the U.S. in the production of cod because it can produce cod
a. in larger quantities
b. while the U.S. can't
c. at a lower opportunity cost
d. with fewer resources
e. at a higher opportunity cost
D
Economics
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The price elasticity of supply measures
A) the responsiveness of quantity demanded to a change in price. B) the responsiveness of quantity supplied to a change in price. C) the change in supply due to a change in input prices. D) the change in price due to a change in quantity supplied.
Economics
How will a sustained appreciation of the U.S. dollar over time likely affect U.S. net exports?
What will be an ideal response?
Economics