Which of the Following Statements Is True Concerning Comparative Advantage

question 39

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.

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Definitions:

Secondary Process Thinking

A mature type of thought process that includes logical thinking and the consideration of reality, often associated with conscious thoughts and problem-solving strategies.

Agreeableness

A personality trait characterized by being kind, empathetic, cooperative, and considerate of others.

Conscientiousness

A personality trait characterized by organization, responsibility, and dependability.

Psychodynamic Theories

All the diverse theories descended from the work of Sigmund Freud that focus on unconscious mental forces.