Country A would have an absolute advantage compared to Country B in the production of corn if Group of answer choices Country A uses fewer resources to produce corn than Country B does. corn sells for a higher price in Country A than in Country B. the demand for corn is higher in Country A than in Country B. corn can be produced at lower cost in terms of other goods than it could be in Country B.
Country A would have an absolute advantage compared to Country B in the production of corn if Group of answer choices Country A uses fewer resources to produce corn than Country B does. corn sells for a higher price in Country A than in Country B. the demand for corn is higher in Country A than in Country B. corn can be produced at lower cost in terms of other goods than it could be in Country B.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Country A would have an absolute advantage compared to Country B in the production of corn if
Group of answer choices
Country A uses fewer resources to produce corn than Country B does.
corn sells for a higher price in Country A than in Country B.
the demand for corn is higher in Country A than in Country B.
corn can be produced at lower cost in terms of other goods than it could be in Country B.
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