Solved

The Idea That Each Nation Is Efficient in the Production

Question 19

Multiple Choice

The idea that each nation is efficient in the production of some goods and less efficient in the production of other goods underlies which of the following concepts?


A) absolute advantage principle
B) comparative advantage principle
C) factor proportions theory
D) international product cycle theory

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