If country A has a comparative advantage in producing shoes, then________________________.（ ）.
A: other countries will never produce shoes if trade is allowed
B: it can produce shoes at lower opportunity costs than other countries can
C: it has more factors of production used in the production of shoes relative to other countries
D: it can produce shoes using more resources than other countries can
A: other countries will never produce shoes if trade is allowed
B: it can produce shoes at lower opportunity costs than other countries can
C: it has more factors of production used in the production of shoes relative to other countries
D: it can produce shoes using more resources than other countries can
举一反三
- Individuals Lin<br/>and Li<br/>both produce good X. Lin has a<br/>comparative advantage in the production of good X if Lin ( ) A: has a lower opportunity cost of producing good X than<br/>has Li. B: has a lower opportunity cost of producing good X than<br/>of producing good C: can produce more units of X in a given time period<br/>than can Li. D: can produce X using newer technology than can Li.
- 9. Through international trade, countries ___________ goods they produce most efficiently for goods other countries produce most efficiently.
- Which of the the following statements is true true ? ( ) A: “Two countries can achieve gains from trade even if one of the<br/>countries has an absolute advantage in the production of all goods.” B: “Certain very talented people have a comparative advantage in<br/>everything they do.” C: “If a certain trade is good for one person, it can’t be<br/>good for the other one.” D: “If trade is good for a country, it must be good for everyone in the country.”
- According to Ricardo’s theory of comparative advantage, it makes sense for a county to ___________ in the production of those goods that produces most efficiently and to buy the goods that it produces less efficiently from other countries, even if this means buying goods from other countries that it could produce ___________ efficiently itself.
- Suppose Jim and Tom can both produce baseball bats. If Jim’s opportunity cost of producing baseball bats is lower than Tom’s opportunity cost of producing baseball bats, then A: Tom must have an absolute advantage in the production of baseball bats. B: Jim must have an absolute advantage in the production of baseball bats. C: Tom has a comparative advantage in the production of baseball bats. D: Jim has a comparative advantage in the production of baseball bats.