A country has a(n) ___________ in making a product for which it can maintain a monopoly or that it can produce at a lower cost than any competitor.
A) Trade surplus
B) Trade deficit
C) Absolute advantage
D) Comparative advantage
Correct Answer:
Verified
Q1: The _ was created to promote trade
Q3: One example of a free-trade area that
Q4: Before deciding to go global, a company
Q5: In the last decade, many large-scale companies
Q6: A plan to develop and market products
Q7: The automobiles that Canadian manufacturers sell in
Q8: When a country exports more than it
Q9: Why are less developed countries attractive to
Q10: Which one of the following is not
Q11: Taxes, surcharges, or duties on foreign products
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