The marginal resource cost of a resource is the additional cost of employing one additional unit of the resource

The principle of comparative advantage states that total output is greatest when each product is made by the country that has the _____________.

Fill in the blank(s) with the appropriate word(s).

Refer to the information provided in Figure 2.4 below to answer the question(s) that follow. Figure 2.4According to Figure 2.4, Point E necessarily represents

A. only motorcycles being produced. B. overallocation of resources. C. an impossible production point. D. technological advancement.