The Concept of Comparative Advantage in International Trade Is Based

question 9

Multiple Choice

The concept of comparative advantage in international trade is based on ________ as opposed to absolute costs.

• A)relative prices
• B)absolute prices
• C)opportunity costs
• D)average cost
• E)total cost

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Definitions:

Leading

In typography, the vertical spacing between lines of text, enhancing readability.

Appearance Differences

Refers to the variations in the visual aspects of objects or individuals, often considered in design, fashion, and diversity contexts.

Page Grid

A structure consisting of horizontal and vertical lines used to organize and align content on a page, often used in design and publishing.

Idiom

A phrase or expression whose meaning cannot be understood from the literal definition of the words it is made of.