Which of the following best explains why a nation like Canada or Japan would export a particular product or service?
A) That nation has multinational companies
B) That nation has an absolute advantage
C) That nation has a positive balance of trade
D) That nation has a negative balance of trade
E) All of these

Question

Quizplus · Accepted Answer

The nation exports a particular product or service because it has an absolute advantage in producing it, meaning it can produce it more efficiently and at lower costs than other nations.

Which of the Following Best Explains Why a Nation Like