Question and answer
according to the law of comparative advantage, a country should a)specialize and export goods with highest opportunity cost b)specialize and export goods with lowest production cost. c)specialize and
export goods with the lowest opportunity cost d)specialize and export goods with the lowest avarage cost
c)specialize and export goods with the lowest opportunity cost In economics, [ the law of comparative advantage refers to the ability of a person or a country to produce a particular good or service at a lower marginal and opportunity cost over another. Even if one country is more efficient in the production of all goods (absolute advantage in all goods) than the other, both countries will
still gain by trading with each other, as long as they have different relative efficiencies.[1][2][3] ]
Expert answered|yeshamay|Points 71|
Question
Asked 8/31/2012 10:16:45 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
The giant land tortoises of the Galapagos Islands and sequoias of California have among the longest life spans of any organisms. This indicates that they likely employ a strategy of _____. (1 point)rapid reproduction slow growth early sexual maturity all of these
Weegy: slow growth. The giant land tortoises of the Galapagos Islands and sequoias of California have among the longest life spans of any organisms. This indicates that they likely employ a strategy of slow growth. (More)
Question
Expert Answered
Asked 8/30/2012 11:08:26 AM
0 Answers/Comments
what does it mean when an economist says that an area specializes in producing certain products?
Question
Updated 9/1/2012 2:03:41 AM
1 Answer/Comment
It means they use their resources to produce a limited range of goods.

Read more:
Added 9/1/2012 2:03:41 AM
which of the following are activity patterns a)saving b)investing c)producing d)all of the above
Weegy: d)all of the above are activity patterns (More)
Question
Expert Answered
Asked 8/31/2012 10:24:07 AM
0 Answers/Comments
the largest importer in the world is
Question
Updated 9/1/2012 1:49:51 AM
1 Answer/Comment
The largest importer in the world is the United States.
Added 9/1/2012 1:49:51 AM
17,186,429 questions answered
Popular Conversations
Indicate whether the statement is true or false. The reason a penny ...
Weegy: TRUE - The reason a penny thrown straight up inside an airplane will come back to your hand is that you, the air ...
8/31/2014 3:31:31 PM| 4 Answers
A line passes through the points (-10, -4) and (-1,2). What is the ...
Weegy: A line passes through the points (-10, -4) and (-1,2). The y-intercept of the line is 8/3. The equation of the ...
8/31/2014 11:50:10 AM| 3 Answers
India is a subcontinent and consists of all of the following except. ...
Weegy: Indian subcontinent has all the features , valleys in himalayan mountains , deccan plateaus , thar desert , and ...
8/31/2014 11:02:13 AM| 2 Answers
Market economy. User: Command economy.
8/31/2014 8:31:19 PM| 2 Answers
Which of the following is least likely to form ...
Weegy: Helium is least likely to form bonds. User: Which of the following is an example of plasma? the atmosphere ...
8/31/2014 12:42:25 AM| 1 Answers
the goal of scientific management
8/31/2014 3:29:19 AM| 1 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
Points 2800 [Total 24400]| Ratings 4| Comments 2760| Invitations 0|Offline
S
L
1
L
Points 2556 [Total 6532]| Ratings 8| Comments 2476| Invitations 0|Online
S
L
C
P
C
1
L
L
Points 2326 [Total 15939]| Ratings 13| Comments 2196| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 2145 [Total 17172]| Ratings 7| Comments 2075| Invitations 0|Online
S
L
1
1
1
1
L
1
Points 2073 [Total 9780]| Ratings 2| Comments 2053| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 960 [Total 18531]| Ratings 0| Comments 960| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 585 [Total 11246]| Ratings 1| Comments 575| Invitations 0|Offline
S
1
L
L
Points 560 [Total 5124]| Ratings 0| Comments 560| Invitations 0|Online
S
Points 467 [Total 670]| Ratings 1| Comments 457| Invitations 0|Offline
S
Points 375 [Total 375]| Ratings 2| Comments 325| Invitations 3|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.