If a Country Has the Comparative Advantage in Producing Cloth,in

question 161

Multiple Choice

If a country has the comparative advantage in producing cloth,in the market for cloth the autarky price would be _____ the world price and the country would _____ cloth.

• A)less than;export
• B)greater than;export
• C)less than;import
• D)the same as;export

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Definitions:

Asian American

A term referring to Americans of Asian descent or origin, representing a diverse group from East Asia, Southeast Asia, and the Indian subcontinent.

Buying Patterns

Analysis of consumer purchasing habits to predict future purchasing behavior and preferences.

Assimilated

The process of adapting or becoming absorbed into a different culture or group.

Hispanic Subculture

A group within the larger Hispanic community with its own unique customs, values, and traditions, influenced by specific national origins or cultural backgrounds.