A country has a (an) __________ in the production of a good it produces at lower opportunity cost than another country

Refer to Figure 4-1. Arnold's marginal benefit from consuming the second burrito is

A) $1.00. B) $1.50. C) $2.00. D) $4.50.

Suppose that Brazil is capital abundant and Chile is natural resource abundant. If timber is natural resource intensive and computers are capital intensive, then according to the Heckscher-Ohlin Theorem, Chile should export goods that

A) intensively use labor input. B) intensively use capital input. C) intensively use natural resources. D) use capital and labor in about equal proportions.