Comparative advantage is the... a. Gains from international trade. b. Ability of one region to produce a commodity with less labour input than another region. c. Terms of trade index. d. Ability of one region to produce a commodity at a lower opportunity cost than another region. e. Ability of one region to produce a commodity with fewer total inputs than another region.

Comparative advantage is the... a. Gains from international trade. b. Ability of one region to produce a commodity with less labour input than another region. c. Terms of trade index. d. Ability of one region to produce a commodity at a lower opportunity cost than another region. e. Ability of one region to produce a commodity with fewer total inputs than another region.

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter19: International Trade

Section: Chapter Questions

Problem 12PAE

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