Multiple Choice
Which of the following exists when a country can produce something more cheaply and/or of higher quality than any other country can?
A) balance of payments
B) national competitive advantage
C) absolute advantage
D) comparative advantage
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q7: What countries comprise NAFTA?
Q35: The ultimate form of a quota is
Q165: A tariff is a tax on imported
Q166: What barriers exist to international trade?
Q167: China and India require that when foreign
Q168: As the value of a country's currency
Q170: Many countries require that products sold in
Q171: What is the goal of the World
Q173: An importer is a firm that makes
Q174: Short Case Scenario 4-1<br>Nokia Corporation, headquartered in