Comparative advantage in the 21st century is based more on services and their cross border facilitation by telecommunications and the Internet.

Question

Quizplus · Accepted Answer

The statement is correct. In today's globalized economy, comparative advantage is increasingly driven by the ability to provide and facilitate services cross-border through modern technologies such as telecommunications and the Internet. This allows for efficiencies and cost savings that were not possible in previous centuries.

Comparative Advantage in the 21st Century Is Based More on Services