Which of the following statements is true? Which of the following statements is true about comparative advantage? D. Greece has a comparative advantage in wine production. Comparative advantage in clarinets. Free Trade Allows Nations To Gain From Specialization C. Both A & B D. None Of The Above Free trade theory suggests that when trade takes place any gain made one nation comes at the expense of another c. (D) Dana has a comparative advantage in making Which of the following statements is true? B. Then Brazil has a a. Question: Which Of The Following Statements Is True About Free Trade: A. ... Country A has the comparative advantage in chairs & Country B has the comparative advantage in shirts. A Nation Will Have A Comparative Advantage If It Can Produce A Product At A Lower Opportunity Cost Than Another Nation B. A)Comparative advantage exists whenever one person, firm, or nation can do something with greater opportunity costs than some other individual, firm, or nation. The Opportunity Cost For Switzerland To Produce One Smartphone Is 0.75 Fitness Bracelet, B. (A) Robin has an absolute advantage in making smoothies and a comparative advantage in making pizzas. Output Per Hour Of Work Smartphones Fitness Bracelets 9 12 6 5 Switzerland Canada Which Of The Following Statements Is True? Specialization and trade along the lines of comparative advantage allows nations to consume more than if they were to produce just for themselves. (C) Dana has a comparative advantage in making both smoothies and pizzas. O A country that has the absolute advantage in producing a good also has the comparative advantage in producing that good. b. The opportunity cost of producing more machines is constant. O A. Comparative advantage in sleds. following statements is true? d. Given the data in the chart above, which of the following statements is true? Which of the following statements is true? B. Italy has an absolute advantage in wine and olive oil production. Comparative Advantage DRAFT. D) It is possible to have an absolute disadvantage in doing something but still have a comparative … ... Country A has the comparative advantage in chairs & Country B has the comparative advantage in shirts. The U.S. has a comparative advantage and an absolute advantage with nearly all … A) Some very talented people have a comparative advantage in everything they do. Which of the following statements is true? Preview this quiz on Quizizz. Which of the following statements is true? B) Some very untalented people have a comparative advantage in nothing they do. A country cannot have a comparative advantage in producing a particular good unless it first has an absolute advantage in producing that good. Which of the following statements is true? a. The diagram shows the production possibilities curve for Country Y. o The country with the higher opportunity cost of producing a good has the comparative advantage in producing that good, O There are mutually beneficial gains from trade if opportunity costs differ. C. A country cannot have comparative advantage in producing a certain item if it incurs an increasing opportunity cost in … Suppose that Australia and Brazil have the outputs per worker in producing sleds and clarinets shown in the table at the right. A. France has a comparative advantage in olive oil production. Comparative advantage in producing a certain item arises from being the first country to manufacture that item. (B) Robin has both an absolute advantage and a comparative advantage in making pizzas. answer choices . A. A country can have a comparative advantage without having an absolute advantage. 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