"which of the folliwng is not a course of comparative advantage"

What is the absolute advantage of a country?

Country A has an absolute advantage in the production of both goods and a comparative advantage in the production of food. Is the ability of an individual. A firm, or a country to produce a good or service at a lower opportunity cost than its competitors.

What is the ability of an individual, a firm, or a country to produce more of a good or

While ABSOLUTE advantage is the ability of an individual, a firm, or a country to produce more of a good or service than competitors when using the same amount of resources. A country will always be an exporter of a good where it has A COMPARATIVE advantage in production.

Why do some opponents want to erect trade barriers?

Some opponents desire to erect trade barriers to protect domestic firms from foreign competition.

Is specialization complete in the real world?

In the real​ world, specialization is not complete. Why do countries not completely​ specialize?

Will the US economy benefit from the elimination of tariffs and quotas?

The U.S. economy would experience a gain in economic surplus from the elimination of tariffs and quotas only if other countries also reduced their tariffs and quotas.

Do consumers benefit while competing firms lose?

Consumers benefit while competing firmsCo ​ lose; The true production costs are not easy for foreign governments to calculate.

Which is almost always necessary for making direct investments?

C) Approval of the host government is almost always necessary for making direct investments.

What is a multinational strategy?

True or False: A multinational strategy is most appropriate for companies that do not have foreign direct investments but rather export their products to foreign markets. False. True or False: A multinational strategy entails having a separate strategy for each nation in which a company markets its products.

When does Pareto efficient outcome occur?

D. No, a Pareto efficient outcome occurs only when every buyer and seller engages in a transaction.

When an industry's goods (or services) become more highly valued by society, what is the effect?

A. When an​ industry's goods​ (or services) become more highly valued by​ society, positive economic profits emerge for firms in the​ industry, attracting new firms and their resources to that industry.

What is the difference between a command economy and a market economy?

In a command​ economy, a planning agency sets prices for various inputs and final goods. In a market​ economy, supply and demand decide the prices of various goods. In both​ cases, there is a set of prices operating in the economy.

Is social surplus positively correlated with Pareto efficiency?

A. Yes, social surplus is positively correlated with Pareto efficiency.

Is social surplus higher in vintage drills?

Social surplus is likely to be higher in the market for drills than in the vintage button market .

Is Pareto efficient?

A. Yes, as long as the market equilibrium still​ holds, the outcome is still Pareto efficient.

Can all people be made better off?

A. all individuals can be made better off without making someone worse off.