【单选题】The figure shows the market for cotton in Georgestan. The government regulates the market with a production quota set at 8 million pounds per year. The price of cotton in Georgestan is
【单选题】In the figure given below AB is the production-possibility curve of Canada. In the absence of trade, the price ratio is 1 bushel of wheat/bale of cotton as shown by the line PQ. The international pric...
A.
Canada has a comparative advantage in the production of wheat.
B.
Canada has a comparative advantage in the production of cotton.
C.
Canada has an absolute disadvantage in the production of both the goods.
D.
Canada has absolute advantage in the production of both the goods.
【单选题】In the figure given below AB is the production-possibility curve of Canada. In the absence of trade, the price ratio is 1 bushel of wheat/bale of cotton as shown by the line PQ. The international pric...
【单选题】In the figure given below AB is the production-possibility curve of Canada. In the absence of trade, the price ratio is 1 bushel of wheat/bale of cotton as shown by the line PQ. The international pric...
【单选题】In the figure given below AB is the production-possibility curve of Canada. In the absence of trade, the price ratio is 1 bushel of wheat/bale of cotton as shown by the line PQ. The international pric...