You have new items in your feed. Click to view.
Question and answer
Q: 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
A: 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.
27,015,651 questions answered
Popular Conversations
Giving human characteristics to objects or ideas is
Weegy: Giving human characteristics to objects or ideas is PERSONIFICATION.
5/19/2017 10:58:38 PM| 1 Answers
Calculate the product 1/3 and 1/5
Weegy: The product of 1/3 and 1/4 is 1/12. Solution: 1/3 * 1/4 = 1/12
5/23/2017 9:39:31 PM| 1 Answers
Body composition refers to the amount of fat and muscle that the body ...
Weegy: Body composition refers to the amount of fat and muscle that the body has. TRUE.
5/27/2017 12:17:58 PM| 1 Answers
Name the following chemical compound. K2CO3 A. krypton carbonate ...
Weegy: K2CO3 is a symbol for: Potassium Carbonate User: Name the following chemical compound. K3N A. krypton ...
5/27/2017 5:46:29 PM| 1 Answers
Which type of tax is applied only to particular goods? A. excise ...
Weegy: Excise tax is applied only to particular goods.
5/23/2017 7:13:31 PM| 0 Answers
Which branch of government makes the law
Weegy: The legislative branch of government makes the law.
5/24/2017 6:13:01 PM| 0 Answers
Weegy Stuff
S
Points 26 [Total 26] Ratings 0 Comments 26 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 0 Comments 1 Invitations 1 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 366] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
P
P
L
P
P
P
Points 7 [Total 1730] Ratings 0 Comments 7 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 467] Ratings 0 Comments 2 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.