Country B has an absolute advantage in ?

Related Mcqs:

The opportunity cost of one DVD in Japan is ?

A. One ton of steel B. Two tons of steel C. Three tons of steel D. Four tons of steel...

According to the Principle of absolute advantage Japan should ?

A. Export steel B. Export DVDs C. Exports steel and DVDs D. There is no basis for gainful specialization and trade...

If the relative price (MRT) of S were to increase, then the price line would ?

A. shift out in a parallel fashion B. shift in a parallel fashion C. Become steeper D. Become flatter...

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...

Country B has the comparative advantage in ?

A. Wine B. Beer C. Both wine and beer D. Neither wine nor beer...