Which of the following is not a potential source of comparative advantage for China in the manufacturing sector?
A) Abundant low wage, low skill workers
B) A large domestic market that can lead to scale economies
C) Coastal areas with good logistics for international trade
D) Abundant credit from China's government sector to set up manufacturing operations
D
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Refer to the diagram. All other things equal, curve C:
A. reflects increasing opportunity costs because the slope of the curve becomes less steep as
one moves down along the curve.
B. is a less desirable production possibilities curve for an economy than curve B.
C. is a more desirable production possibilities curve for an economy than curve A.
D. has a steeper slope throughout than curve B.
The future value of a deposit is:
A. PV * (1 + r) * n, where r = interest rate, n = periods, and PV = present value. B. PV * (1 + r)n, where r = interest rate, n = periods, and PV = present value. C. PV * rn, where r = interest rate, n = periods, and PV = present value. D. PV/(1 + r)n, where r = interest rate, n = periods, and PV = present value.