Assume That Bulgaria Has a Comparative Advantage in Producing Sandals

question 34

Multiple Choice

Assume that Bulgaria has a comparative advantage in producing sandals and Finland imports sandals from Bulgaria.We can conclude that

• A)Bulgaria also has an absolute advantage in producing sandals relative to Finland.
• B)Bulgaria has a lower opportunity cost of producing sandals relative to Finland.
• C)Finland has an absolute disadvantage in producing sandals relative to Bulgaria.
• D)labor costs are higher for sandal producers in Finland than in Bulgaria.

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