Question
The ability of one country to produce a product at a lower opportunity cost than another country is a. nationalization. b. a developed nation. c.
The ability of one country to produce a product at a lower opportunity cost than another country is
a. nationalization.
b. a developed nation.
c. absolute advantage.
d. comparative advantage.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Macroeconomics
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
3rd Canadian edition
1319120083, 1319120085, 1319190111, 9781319190118, 978-1319120054
