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pt.php?attempt-42509 Question 1 Not yet answered Points out of 1.00 P Flag question A nation's producers can compete effectively with imports from other nations if Select one: a. they have a high opportunity cost of production b. they have an abundance of unskilled workers Oc. the labor cost per unit of output is low d. they have an absolute advantage in the production ofall goods e. the relative price of exports to imports is high Question 2 r Flag question Not yet answered Points out of 1.00 Differences in resource endouments are differences in

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The answer is C. The labor cost per unit of output is low

The lower costs enable a producer to compete with foreign producers in terms of prices.Higher opportunity costs,higher export prices,unskilled workers add to the increased production costs this leads to inability of domestic firms to compete with producers.

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