Two statements are shown. 1 A country can produce a good at a lower opportunity cost than another country. 2 A country can produce a greater quantity of a good for the same quantity of inputs than another country. What do these two statements describe?

A.
B.
C.
D.
Economics
IGCSE&ALevel
CAIE
Exam No:9708_s21_qp_12 Year:2021 Question No:24

Answer:

C

Knowledge points:

6.1.1 distinction between absolute and comparative advantage

Solution:

Download APP for more features
1. Tons of answers.
2. Smarter Al tools enhance your learning journey.
IOS
Download
Android
Download
Google Play
Download