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triciababy1 triciababy1
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A year ago
If Country A has a comparative advantage in the production of good X relative to Country B,

▸ then Country A also has an absolute advantage in the production of some good other than X.

▸ then the opportunity cost of producing X in Country A is lower than in Country B.

▸ then the opportunity cost of producing X in Country A is higher than in Country B.

▸ then Country A also has an absolute advantage in the production of this good.

▸ We do not have enough information to say anything about relative opportunity costs.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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lampardlampard
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A year ago
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triciababy1 Author
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A year ago
Thank you, thank you, thank you!
einstein
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Yesterday
Good timing, thanks!
asd454512
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2 hours ago
This site is awesome
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