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Loraine Loraine
wrote...
Posts: 4563
9 years ago
How can a domestic producer determine whether or not it has a comparative advantage in the production of a good or service?
A) It cannot.
B) by comparing the price it receives to the prices of other domestic producers
C) by comparing the price it receives to the world price
D) by comparing the quantity it produces to the quantity produced in the world
E) by comparing the total domestic quantity to the total world quantity
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 842 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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Posts: 1913
9 years ago
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Loraine Author
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9 years ago
Good timing, thanks!
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Correct Slight Smile TY
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