Question 2 2 pts A country has a comparative advantage when the opportunity cost

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Question 2 2 pts A country has a comparative advantage when the opportunity cost of producing a good in terms of O forgone output of other goods is equal to that of other nations. the monetary value of other forgone goods is greater than that of other nations. O forgone output of other goods is higher than that of other nations. O forgone output of other goods is,lower than that of other nations. o the monetary value of other forgone goods is lower than that of other nations 2 pts Question 3 Which of the following is a proboble consequence of the presence of accounting rules that allow

Explanation / Answer

A country has a comparative advantage when the opportunity cost of producing a good in terms of forgone output of other goods is lower than that of other nations.

The limits of the terms of trade are determined by the opportunity cost in each country.

Countries in which one would see a spread of ideas, information, images, and people would be categorized under cultural globalization.

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