If Country a Can Produce Computers More Efficiently Than Country

question 196

Multiple Choice

If country A can produce computers more efficiently than country B, then trade theory tells us that

• A)country A has an information advantage in computer production.
• B)country A has an opportunity cost advantage in computer production.
• C)country A has an absolute advantage in computer production.
• D)country A has a production advantage in computer production.
• E)country A has a comparative advantage in computer production.

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Definitions:

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The total amount of energy that the sun emits over a specific time period.

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Frozen water in the polar regions of Earth, including ice caps, glaciers, and sea ice, which plays a crucial role in the global climate system.

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A process in a system where the output may feed back into the system to counterbalance changes and maintain stability within the system.