A nation will export the product in which it has a comparative advantage, which results from the good being relatively ____ than in the importing nation.
A) less expensive
B) more expensive
C) lower in quality
D) less available
Correct Answer:
Verified
Q87: It can be shown that differences in
Q88: Poland requires 4 hours of labor to
Q89: Whenever a nation has a lower opportunity
Q90: Compared with constant cost production, if production
Q91: To explain why some nations purchase products
Q93: Suppose a nation increases the quantity of
Q94: At some point, as the price of
Q95: (Table: Output in the United States and
Q96: (Table: United States and China Production per
Q97: The Ricardian model (with constant opportunity costs)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents