Country A has an absolute advantage in__________?

Related Mcqs:

Absolute advantage is determined by ?

A. actual differences in labor production between countries B. relative differences in labor productivity between countries C. Both (a) and (b) D. Neither (a) nor (b)...

If the countries were to trade along the lines of absolute advantage ?

A. A would export X to B B. B would import Y from A C. Neither country would want to trade D. None of the above...

If the autarky price of S were lower in country A than in country B then if trade were allowed ?

A. A would likely export S to B B. A would likely import S from B C. neither country would want to trade D. None of the above...

Comparative advantage is determined by ?

A. actual differences in labor productivity between countries B. relative differences in labor productivity between countries C. Both (a) and (b) D. Neither (a) nor (b)...

In aukarky, when a community maximizes its standard of living, its production and consumption point is ?

A. below the production possibility frontier B. On the production possibility frontier C. above the production possibility frontier D. can’t tell without more information...