A Country with a Comparative Advantage in Producing Computer Chips

question 32

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. Comparative advantage means one can produce a particular good at a lower opportunity cost than others.

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Digital Workplace

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