Which of the following best explains the concept of comparative advantage?
A) Comparative advantage is generally based on economic and demographic trends.
B) Developing and less-developed countries are potentially attractive due to the rapid growth of their populations.
C) High competition increases a country's efficiency in a particular area.
D) Countries with different rates of productivity benefit by exporting products in which they have high productivity for those in which they have low productivity.
Correct Answer:
Verified
Q1: The marketing of goods and services outside
Q2: While a(n) _ firm engages in marketing
Q3: A _ firm is a worldwide player
Q4: Countries have different rates of productivity due
Q6: Which concept forms the economic justification for
Q7: What percent of the world's population growth
Q8: A company may prolong a product's life
Q9: The world's leading importer countries are the
Q10: The world's largest importer is
A) Great Britain.
B)
Q11: Which statement about trade deficits is correct?
A)
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