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When does Country A have a comparative advantage over Country B in the production of televisions?
CasandRAWR
Country A has a lower opportunity cost for producing televisions.
Wiki User
∙ 7y ago
Haven
When the opportunity cost of its production is lower
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Why does country a have a comparative advantage over country b in the production of televisions?
Country A has a lower opportunity cost for producing televisions
If a country has comparative advantage in the production of all goods should it trade?
Yes, since each country can individually specialize in its comparative advantage, the total income for both countries will increase. This is even true if one country has an absolute advantage in the production of all goods.
Difference between absolute cost advantage theory and comparative cost advantage theory?
absolute cost advantage talks about the efficiency and cheaply a country incure in the production of goods and services against other country whiles comparative advantage talks about the opotunity cost of goods
When does country X have a comparative advantage in the production of coffee?
When they can produce it at a lower opportunity cost than other countries.
What gives a country a comparative advantage?
When it gives up less than others to engage in a particular type of production
Why does country a have a comparative advantage over country b in the production of televisions?
Country A has a lower opportunity cost for producing televisions
If a country has comparative advantage in the production of all goods should it trade?
Yes, since each country can individually specialize in its comparative advantage, the total income for both countries will increase. This is even true if one country has an absolute advantage in the production of all goods.
When doe one country have a comparative advantage over another country?
When the opportunity cost of its production is lower.
Difference between absolute cost advantage theory and comparative cost advantage theory?
absolute cost advantage talks about the efficiency and cheaply a country incure in the production of goods and services against other country whiles comparative advantage talks about the opotunity cost of goods
What gives a country a comparative advantage?
When it gives up less than others to engage in a particular type of production
When does country X have a comparative advantage in the production of coffee?
When they can produce it at a lower opportunity cost than other countries.
