Multiple Choice
The ability of a country to produce a specific good at a lower opportunity cost than its trading partners is known as
A) The inequality trap.
B) The human advantage.
C) Comparative advantage.
D) Absolute advantage.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q51: Poor nations typically have a competitive advantage
Q52: Poverty is most likely to decrease in
Q53: Which of the following countries has the
Q54: The percentage of total output allocated to
Q55: Which of the following is not part
Q57: Income inequality is<br>A)Not an issue for wealthy
Q58: The United States gives _ percent of
Q59: The U.N.'s Millennium Poverty Goal was to
Q60: The minimally adequate living standard for a
Q61: How do population growth and economic growth