Question

when looking at output, which is true? the country with the highest per unit opportunity cost has the comparative advantage and should specialize in that product the country with the lowest per unit opportunity cost has the comparative advantage and should specialize in that product which of the following plays a significant role in determining exchange rates between two countries? distribution of income amongst the population of each country level of foreign direct investment in the two countries availability of credit for consumers in each of the countries supply and demand for the goods and services offered by the countries

Explanation:

1. The concept of comparative - advantage in economics states that a country with the lowest per - unit opportunity cost has a comparative advantage and should specialize in that product.
2. In determining exchange rates between two countries, the supply and demand for the goods and services offered by the countries play a significant role. Supply and demand in international trade influence the value of currencies.

Answer:

1. the country with the lowest per unit opportunity cost has the comparative advantage and should specialize in that product
2. supply and demand for the goods and services offered by the countries