Refer to the figure above. This country has comparative advantage in
A) X.
B) Y.
C) both X and Y.
D) Can't tell without more information.
A
Economics
You might also like to view...
In an open economy (as compared to a closed one, without international trade)
A. monetary policy is weaker, fiscal policy is more powerful B. fiscal policy is weaker, monetary policy is more powerful C. both monetary and fiscal policy are more powerful D. both monetary and fiscal policy are weaker
Economics
Pure monopoly is not studied because of its descriptive realism, but because it is a stepping stone toward more realistic models
a. True b. False Indicate whether the statement is true or false
Economics