Multiple Choice
Which of the following statements is true regarding comparative advantage?
A) Comparative advantage is becoming rare these days.
B) Ensuring that its people are well educated is another way a nation can develop a comparative advantage in skilled human resources.
C) Developing countries possess no comparative advantage.
D) A nation must first possess an absolute advantage in a particular area before it can gain a comparative advantage.
Correct Answer:
Verified
Correct Answer:
Verified
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