The United States has a comparative advantage in producing cotton if the U.S. price of cotton before international trade is ________ the world price

A) less than
B) equal to
C) greater than
D) not comparable to


A

Economics

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All else equal, a major paper manufacturer filing for bankruptcy and shutting down as a result of an IRS tax evasion investigation would cause a move from

a. SA to SB. b. y to x. c. x to y. d. SB to SA.

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What are the problems associated with price regulation?

What will be an ideal response?

Economics

Which of the following is true?

a. The U.S. has a mandated vacation policy, everyone gets 2 weeks b. There is a trend towards downshifting, opting for a simpler life or at least considering it c. Europeans generally have shorter vacations that North Americans d. The workforce in the U.S. is getting younger

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Price controls often generate

A) more efficient markets. B) black markets. C) rapid adjustment to market-clearing prices. D) greater price flexibility.

Economics