10. ______________________ simply compares the productivity of a worker between countries.

a. Comparative advantage

b. Absolute advantage

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Microeconomics

Skill

Explaining the Theories of International Trade

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Raushan RajLv8

2 Nov 2020

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Related questions

If there are two goods and two countries, then one country can have

a. an absolute advantage in both goods but a comparative advantage in only one good.

b. an absolute advantage in both goods and a comparative advantage in both goods.

c. an absolute advantage in neither good and a comparative advantage in both goods.

d. an absolute advantage in one good, an absolute disadvantage in the other good, and a comparative advantage in neither.

lilacserval596

The primary difference between absolute and comparative advantage is

a. Absolute advantage refers to the ability to produce more of a good or service using the same amount of resources, and comparative advantage refers to the ability to produce a good or service at a lower opportunity cost

b. Absolute advantage doesn't change as time passes, while comparative advantage does

c. Absolute advantage is a concept that was utilized in communist countries, and comparative advantage is a capitalist idea

d. Absolute advantage refers to the ability to produce a good or service at a lower opportunity cost, and comparative advantage refers to the ability to produce more of a good or service using the same amount of resources