What is comparative advantage?
A) The ability of countries to benefit from specializing in what they do best.
B) The capacity of some countries to produce everything better than other countries.
C) The advantage that countries that export many products have over more specialized economies.
D) The fact that industrialized countries have advanced economies that are comparable.
E) The benefit that workers in an industrialized country have over workers in a less developed country.
Correct Answer:
Verified
Q1: All of the following are examples of
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Q6: Given the following exports,which of these is
Q7: All of the following are economic characteristics,or
Q8: Which kind of state is LEAST likely
Q9: All of the following are more likely
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Q11: Which of the following statements about trade
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