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regina nana regina nana
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2 years ago
Suppose two countries use different combinations of inputs, such as labor and capital, to produce the same product. This implies any one of the following except that

• the two countries use different technologies to produce the product.

• the inputs are not equally productive in the two countries.

• the prices of the inputs are not the same in the countries.

• one country is more efficient in the production of the good than the other.
Textbook 

Microeconomics


Edition: 7th
Authors:
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DryPhantomDryPhantom
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Posts: 382
2 years ago
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More questions for this book are available here
one country is more efficient in the production of the good than the other.

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