Many of the toy products sold in the United States are imported from Taiwan because the Taiwanese can produce these products more efficiently than U.S.companies.This is an example of:

Question

Quizplus · Accepted Answer

This is an example of comparative advantage because Taiwan can produce toy products more efficiently than the U.S. Therefore, it makes sense for the U.S. to import these products from Taiwan rather than trying to produce them domestically.

Many of the Toy Products Sold in the United States