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AP Macroeconomics
Unit 1 – Basic Economic Concepts
Topic 1.3
Which of the following scenarios demonstrates the principle of comparative advantage?
Country A can produce wheat at a lower cost, and Country B can produce corn at a lower cost
Country A can produce both wheat and corn at a lower cost than Country B
Country A has the highest labor productivity for producing wheat and corn
Country A has the most advanced technology for producing wheat and corn
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AP Macroeconomics - 1.3 Comparative Advantage and Trade
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Comparative Advantage
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About Us
About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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