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:

Less Fortunate

Individuals or groups who are disadvantaged or lacking in resources, opportunities, or wealth when compared to others in society.

Acculturation

The process of transmitting a host culture’s values, ideas, and beliefs to someone from outside that culture.

Etiquette

The customary code of polite behavior in society or among members of a particular profession or group.