Which of the following gives a nation a comparative advantage Select one: a. Having a command based economy b. Being able to produce more in total then someone else c. Having the more educated labor force d. Being able to produce a good at a lower opportunity cost

d. Being able to produce a good at a lower opportunity cost

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.

For example, country A produces 2 apples and 1 orange while country B produces 30 apples and 10 oranges.

Country A has a comparative advantage in the production of oranges because it produces at a lower opportunity cost when compared to country B.

A country has an absolute advantage in the production if it produces more quantities of the good when compared with other countries.

In the above example country B has a comparative advantage in both the production of Apples and oranges.

I hope my answer helps you

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi