Once a new technology spreads and is adopted by many countries:
A) the first country to use it may lose its comparative advantage.
B) the first country to use it will lose its absolute advantage.
C) other countries will perfect it, putting them at an absolute advantage.
D) the country of origin will want to enact strict intellectual property rights.
Correct Answer:
Verified
Q20: For the most part, trade between many
Q21: Technology or production processes developed in a
Q22: When a country gains from trade:
A)everyone in
Q23: Which of the following statements is true
Q24: An important determinant of comparative advantage is:
A)diversity
Q26: Even if there are big gains to
Q27: A country may gain a temporary comparative
Q28: Which of the following does not affect
Q29: An economy that is self-contained and does
Q30: As the workforce in a country with
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