Assume that Bulgaria has a comparative advantage in producing sandals and Finland imports sandals from Bulgaria. We can conclude that
A) Labor costs are higher for sandal producers in Finland than in Bulgaria.
B) Bulgaria also has an absolute advantage in producing sandals relative to Finland.
C) Bulgaria has a lower opportunity cost of producing sandals relative to Finland.
D) Finland has an absolute disadvantage in producing sandals relative to Bulgaria.
C
Economics
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A) elastic. B) infinite. C) one. D) inelastic.
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Increases in the capital stock:
a. Shift the short run aggregate supply curve upward b. Shift the long run aggregate supply curve to the right. c. Shift short run aggregate supply curves upward and long run aggregate supply curves to the right. d. Do none of the above
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