When Discussing Comparative Advantage, It Is Apparent That Today at Least

question 46

True/False

When discussing comparative advantage, it is apparent that today at least two of the factors of production, capital and technology, now flow directly and easily between countries, rather than only indirectly through traded goods and services.

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Definitions:

Standard Deviation

A measure of the dispersion of a set of data from its mean, indicating how spread out the data points are.

Variability

A measure of how spread out or dispersed the values in a dataset are.

Bimodal

Bimodal describes a distribution having two different modes, which are the most frequently occurring data points in a dataset.

Distribution

The way in which values are spread or distributed across a range in a dataset.