Canada Has a Comparative Advantage in Producing Airplanes If

question 25

Multiple Choice

Canada has a comparative advantage in producing airplanes if

• A)it can produce them at a lower dollar cost than another country.
• B)it can produce a larger quantity than another country.
• C)it has a larger quantity of skilled workers than another country.
• D)it can produce them at a higher opportunity cost than another country.
• E)it can produce them at a lower opportunity cost than another country.

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Definitions:

Consideration

The benefit, interest, or value that induces a party to enter into a contract; essential for a contract to be legally binding.

Legal Value

The recognized worth or significance of something within a legal context, often relating to the enforceability of a contract or transaction.

Legal Relations

The relationships and obligations created by laws between individuals, organizations, or states.

Proposal

An offer made by one party to another, intending to create a legal obligation upon acceptance.