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pashok25 [27]
1 year ago
13

Nation Beta employing all its available resources nation alpha can produce either 800 units of chemicals or 1,600 units of cloth

ing. nation beta can produce either 200 units of chemicals or 800 units of clothing. which of the following statements is true? Nation Beta has a comparative advantage in producing chemicals. Nation Alpha has a comparative advantage in producing chemicals. Nation Beta is the high-cost producer of clothing.
Business
1 answer:
mr Goodwill [35]1 year ago
3 0

The true statement is Nation Alpha has a comparative advantage in producing chemicals. (second option)

<h3>What is comparative advantage?</h3>

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. Opportunity cost is the cost of forgoing the next best alternative action when one activity is undertaken over other activities.

For Nation Beta:

Opportunity cost of producing chemicals : 800 / 1600 = 0.5

Opportunity cost of producing clothes : 1600 / 800 = 2

For Nation Beta:

Opportunity cost of producing chemicals : 200 / 800 = 0.25

Opportunity cost of producing clothes : 800 / 200 = 4

To learn more about comparative advantage, please check: brainly.com/question/25139916

#SPJ1

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