Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

According to the theory of comparative advantage, a country will export a good only if Question 11Select one: a. It can produce it using less

According to the theory of comparative advantage, a country will export a good only if Question 11Select one: a. It can produce it using less labor than other countries. b. Its productivity is higher in producing the good than the productivity of other countries in producing it. c. Its cost of producing the good, relative to other goods, is at least as low as in other countries. d. All of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Economics questions