The United States Has a Comparative Advantage in Producing Aeroplanes

question 48

Multiple Choice

The United States has a comparative advantage in producing aeroplanes if

• A) it has a larger quantity of skilled workers than do other nations.
• B) it can produce them at a lower opportunity cost than can other nations.
• C) it can produce them at a lower dollar cost than can other nations.
• D) it can produce a larger quantity than can other nations.

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Definitions:

Conceptions

Ideas or mental representations of how something works or is structured.

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A style of leadership where the leader influences others through indirect means, such as setting a vision, creating an environment conducive to growth, and inspiring via example, rather than direct command and control.

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A method of exchanging digital messages between people using electronic devices.

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The act of sending written messages through electronic means, specifically via mobile phones.