A Country with a Comparative Advantage in Producing Computer Chips

question 109

Multiple Choice

A country with a comparative advantage in producing computer chips

• A)Has a lower opportunity cost of producing computer chips than its trading partners.
• B)Can produce computer chips with fewer resources than its trading partners.
• C)Can achieve better terms of trade in selling computer chips than its trading partners.
• D)Has greater capacity to produce computer chips,given its resources,than do its trading partners.

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Definitions:

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Due Date

The due date refers to the specific day on which a payment is due or a task must be completed.

Promissory Note

A financial instrument involving a written promise by one party to pay a definite sum of money to another party under specific terms.

Dishonored

A term used when a financial obligation or instrument, such as a check or bill, is not honored or paid when presented for payment.