Country A can produce gadgets at a lower opportunity cost than any other producer of gadgets. As a result Country A must have . a) a superior gadget making technology b) an absolute advantage in gadget production c) a comparative advantage in gadget production d) a constant opportunity cost associated with gadget production e) more factors of production devoted to gadget production than any other country
Country A can produce gadgets at a lower opportunity cost than any other producer of gadgets. As a result Country A must have . a) a superior gadget making technology b) an absolute advantage in gadget production c) a comparative advantage in gadget production d) a constant opportunity cost associated with gadget production e) more factors of production devoted to gadget production than any other country
Chapter28: International Trade
Section: Chapter Questions
Problem 7P
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Country A can produce gadgets at a lower
a) a superior gadget making technology
b) an absolute advantage in gadget production
c) a
d) a constant opportunity cost associated with gadget production
e) more factors of production devoted to gadget production than any other country
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