Refer to Figure 2-8. Which country has a comparative advantage in the production of coconuts?
A) Guatemala B) Costa Rica
C) They have equal productive abilities. D) neither country
A
You might also like to view...
The experience of disintermediation in the banking industry illustrates that
A) more regulation of financial markets may avoid such problems in the future. B) banks are unable to remain competitive with other financial intermediaries. C) consumers no longer desire the services that banks provide. D) markets invent alternatives to costly regulations.
An unfavorable balance of trade occurs when:
a. exports equal imports. b. the balance of payments balances. c. the current and capital account in the BOP are equal. d. the value of the exports of goods exceeds the value of the imports of goods. e. the value of the exports of goods is less than the value of the imports of goods .