Which Statement Does NOT Describe a Source of Comparative Advantage

question 116

Multiple Choice

Which statement does NOT describe a source of comparative advantage?

• A)In general,France has absolute advantage over Italy in production of goods and services.
• B)The United States' technology for computer chip design is more advanced than India's.
• C)Hawaii has a more favorable climate to grow pineapple than does Italy.
• D)In the market for lumber,Canada has many more trees than does England.

---

Definitions:

Bank Error

An error made by a bank in the accounting records or transactions of a customer's account.

EFT

Electronic Funds Transfer, a digital method for transferring funds from one bank account to another, either within a single financial institution or across multiple institutions, through computer-based systems.

Cash Equivalents

Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

Bank Overdrafts

Occurs when withdrawals from a bank account exceed the available balance, giving the account a negative balance.