Trade Due to Comparative Advantage Tends to Be

question 152

Multiple Choice

Trade due to comparative advantage tends to be

• A)intraindustry.
• B)more important than trade due to economies of scale.
• C)multinational.
• D)just like trade due to economies of scale.
• E)interindustry.

---

Definitions:

Financial Data

Information related to money matters of a company, including its revenue, expenses, profits, and losses.

Sales On Account

Transactions where goods or services are sold with payment to be received at a later date, typically recorded as accounts receivable on the balance sheet.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a specific period.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency in managing, selling, and restocking goods.