Which relationship BEST illustrates a comparison of absolute advantage and comparative advantage?
A)
B)
A country with an absolute advantage will always have a comparative
advantage in producing products.
A country with a comparative advantage can produce a greater output of a
products than a country with an absolute advantage.
A country with an absolute advantage can produce a product at a lower
opportunity cost than a country with a comparative advantage in producing
all products.
A country with a comparative advantage can produce a product at a lower
opportunity cost, even if another country has an absolute advantage in the
production of all goods.
C)
D)
Answers: 3
History, 21.06.2019 22:40
What does the case of mary dyer in 1660 illustrate? a. puritans practiced a fierce rhetoric but were lenient in practice. b. quakers had a tenuous grasp on the social realities of the english colonies. c. quakers were willing to defy authority even at their own personal risk and expense. d. quakers practiced their religion without a church and without clergy.
Answers: 3
Which relationship BEST illustrates a comparison of absolute advantage and comparative advantage?...
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