Solved

Which Theory Helps to Explain Why Many Nations Trade with Less-Developed

Question 14

Multiple Choice

Which theory helps to explain why many nations trade with less-developed or least-developed countries that do not hold advantages in any type of production?


A) Absolute advantage
B) Comparative advantage
C) Opportunity cost
D) Human capital
E) Economic equilibrium

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents