A Country with a Lower Relative Cost of Production of a Particular

question 170

Multiple Choice

A country with a lower relative cost of production of a particular good has a(n) _______ advantage and it is likely to _______ this good.

• A) absolute; import
• B) comparative; import
• C) comparative; export
• D) absolute; not export

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Definitions:

Gender Inequality

The unequal treatment or perceptions of individuals based on their gender, resulting in disparities in opportunities, resources, and rights.

Developing Countries

Refers to nations with lower levels of industrialization, lower income per capita, and generally lower standards of living compared to developed countries.

Developed Countries

Nations with advanced economic systems, high standards of living, stable governments, and widespread access to healthcare and education.

Official Aid

Financial or material support provided by governmental bodies to individuals, organizations, or foreign nations.