Country a Has a Comparative Advantage Compared to Country B

question 149

Multiple Choice

Country A has a comparative advantage compared to Country B in the production of shoes if

• A) Country A can produce shoes at a lower monetary cost than Country B can.
• B) Country A can produce shoes using fewer resources than Country B can.
• C) the demand for shoes is higher in Country A than in Country B.
• D) Country A can produce shoes at a lower cost in terms of other goods than Country B can.

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Definitions:

Arthur Conan Doyle

A British writer best known for creating the fictional detective Sherlock Holmes, a seminal figure in crime fiction.

Ship's Log Book

An official record book maintained on board ships, noting important events, navigational data, and management details of voyages.

Ship's Log Book

A record book used on ships to detail voyages, including locations visited, weather conditions, and daily occurrences.

Azores

A group of nine volcanic islands in the North Atlantic Ocean, known for their dramatic landscapes, fishing villages, green pastures, and blue hydrangeas.