If a country has a higher opportunity cost to produce a good, that means that this country can never possess a comparative advantage in the production of any good

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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Health insurance companies impose deductibles on policies and co-payments on claims to reduce the problem of adverse selection

Indicate whether the statement is true or false

Economics

If a price floor of $23 were placed on the market in the graph shown, which area represents the surplus that is transferred?

A. B B. C C. B + C + D D. B + C

Economics