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Subject - Economics:

Macroeconomics

MCQ - 179-4189

Question:

If Nation A can produce a good at lower opportunity cost than Nation B can produce the same good, it is said that

  1. Nation A has comparative advantage in the production of that good.
  2. Nation B has comparative advantage in the production of that good.
  3. Nation A has absolute advantage in the production of that good.
  4. Nation B has comparative advantage in the production of that good.
  5. Nation A has economic growth in the production of that good.

Correct Answer: A

Explanation:

Defines comparative advantage.

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269 MCQ for effective preparation of the test of Macroeconomics of Economics section.

Read the MCQ statement: If Nation A can produce a good at lower opportunity cost than Nation B can produce the same good, it is said that , keenly and apply the method you have learn through the video lessons for Macroeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 179-4189.

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