If Nation a Requires More Resources to Produce Each Bale

question 51

Multiple Choice

If Nation A requires more resources to produce each bale of cloth than Nation B does, then we say that

• A) Nation A has the absolute advantage over Nation B in producing cloth.
• B) Nation B has the absolute advantage over Nation A in producing cloth.
• C) Nation A has the comparative advantage over Nation B in producing cloth.
• D) Nation B has the comparative advantage over Nation A in producing cloth.

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Definitions:

Temporary Organization

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Virgin Group

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Effectual Entrepreneurs

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