When Discussing Comparative Advantage, It Is Apparent That Today at Least

question 46

True/False

When discussing comparative advantage, it is apparent that today at least two of the factors of production, capital and technology, now flow directly and easily between countries, rather than only indirectly through traded goods and services.

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Definitions:

Statistically Significant

A term indicating that the results of an analysis are unlikely to be due to chance, according to a predefined threshold of probability.

Atheoretical

Lacking a theoretical basis, not guided by a theory.

Empirical

Based on observations or experience rather than theory or pure logic.

Rationally Constructed

Developed or created based on logical reasoning and thoughtful consideration.