Country X and Country Y are the same size in terms of population, area, and capital stock. If both countries devote all of their

Question

3 years ago

9

Country X and Country Y are the same size in terms of population, area, and capital stock. If both countries devote all of their

efforts to producing widgets, Country X can produce 10 million widgets, while Country Y can produce 5 million. Based on the information given, Country X has A) a monopoly on the production of widgets. B) an absolute advantage in producing widgets. C) a comparative advantage in producing widgets. D) a lower opportunity cost in the production of widgets.

Social Studies

2 answers:

Alex777 [14] · Answer 1 · 2021-11-12T16:26:29+03:00

Alex777 [14]3 years ago

7 0

The answer to the question should be B.

Arte-miy333 [17] · Answer 2 · 2021-11-12T17:58:17+03:00

Arte-miy333 [17]3 years ago

4 0

Yes the answer was

B) an absolute advantage in producing widgets.