Which of the Following Statements Is True Concerning Comparative Advantage

question 18

Multiple Choice

Which of the following statements is true concerning comparative advantage?

• A)Poor nations typically have a comparative advantage in high-tech but not agricultural goods.
• B)Poor nations typically have a comparative advantage in agricultural but not high-tech goods.
• C)Poor nations typically have a comparative advantage in the production of all goods.
• D)Rich nations typically have a comparative advantage in the production of all goods.

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Definitions:

Warranty Expense

The cost associated with the obligation of a company to repair or replace its product if it is found to be defective within a certain period.