Country a Is an Extremely Efficient Producer of Tin

question 33

Multiple Choice

Country A is an extremely efficient producer of tin.However,its climate and terrain makes it difficult to produce corn.According to the theory of comparative advantage,Country A should:

• A)produce both tin and corn in order to remain self-sufficient.
• B)watch the global market to see which product brings the highest price.
• C)import the resources needed to produce corn.
• D)concentrate its production on tin and buy corn from an efficient producer.

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Definitions:

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Companies that operate primarily on the internet, offering goods, services, or information to a global audience.

Predatory Pricing

A pricing strategy where a product is sold at a very low price with the intent to drive competitors out of the market.

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