Question 15

The law of comparative advantage states that a country should specialize in the production of a commodity

  • A.For which local demand is greatest
  • B.in which its opportunity cost is lower than that of the trade partner
  • C.for which foreign demand is greatest
  • D.for which there is abundant supply of raw materials
Objective

Question details

Exam body
FUTA
Subject
Economics
Year
2015/2016
Question no.
#15
Type
Objective

More from this paper

See all Economics 2015/2016 questions