Refer to Table 2-5. Estonia has a comparative advantage in the production of
A) neither product. B) lumber. C) cell phones. D) both products.
B
Economics
You might also like to view...
Technological advances primarily help a country increase its rate of economic growth ______.
a. through implementation of the Malthusian prediction b. through savings in labor, resources, or capital c. by eliminating the need for human labor d. by being sold to developing foreign countries
Economics
Exhibit 15-1 Production possibilities curves
In Exhibit 15-1, the production possibilities curves of wheat and corn for Nabia and Pada are presented. In Nabia the cost of producing one more unit of wheat is equal to:
A. 4 units of corn. B. 4 units of wheat. C. 1/4 unit of corn. D. 15 units of corn.
Economics