Summary of production conditions in countries l and ll.
Summary of production conditions in countries l and ll.
From the table, we can correctly say in respect of international trade that
Country I has absolute disadvantage in the production of both cocoa and cloth
Country I has absolute advantage in the production of both cocoa and cloth
Country ll has absolute advantage in the production of both cocoa and cloth
Country ll should leave the production of both cocoa and cloth to country l
Correct answer is B
No explanation has been provided for this answer.
Similar Questions
The age distribution of a country's population is of economic importance because it affects the ...
A scale of preference is a list ...
Which of the following is an external economy derived by a firm? ...
A country is said to be overpopulated when ...
Which of the following is not a cause of unemployment_______ ...
In commercial banking, an account from which the customer cannot withdraw money instantly is a ...
Basic extractive activities are classified as ...
The Malthusian theory of population predicts that growth in food production will ...