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Q: Ecuador has a comparative advantage in the production of bananas over the United States. Which of the following statements is true? A)The United States has an absolute advantage in the production of
bananas.B)Ecuador can produce bananas at a lower opportunity cost than the United States. C)The United States cannot produce bananas. D)Ecuador also has an absolute advantage in the production of bananas.
A: The answer is B)Ecuador can produce bananas at a lower opportunity cost than the United States.
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User: Ecuador has a comparative advantage in the production of bananas over the United States. Which of the following statements is true? A)The United States has an absolute advantage in the production of bananas.B)Ecuador can produce bananas at a lower opportunity cost than the United States. C)The United States cannot produce bananas. D)Ecuador also has an absolute advantage in the production of bananas.

Weegy: The answer is B)Ecuador can produce bananas at a lower opportunity cost than the United States.
bonaxle|Points 489|

User: the ability of one person or nation to produce a good at an opportunity cost that is lower than that of another person or nation





Weegy: Comparative Advantage, the ability of one person or nation to produce a good at a lower opportunity cost than another person or nation.
Expert answered|migzptz|Points 6995|

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Asked 11/7/2012 7:32:39 AM
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