Which of the Following Statements About Comparative Advantage Are True

question 55

Multiple Choice

Which of the following statements about comparative advantage are true?
1) A country's pattern of comparative advantage depends partly upon the relative abundance of different types of resources in its endowment of factors.
2) Trade allows small countries to reap economies of scale through specialization.
3) Climate affects a country's pattern of comparative advantage.

• A) 1, 2, and 3
• B) 1 and 2
• C) 2 only
• D) 1 only
• E) 2 and 3

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Definitions:

Intellectual Stimulation

The act of engaging and challenging the mind to foster learning and creativity.

IQs

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Heredity

Hereditary conveyance of traits, including both physical and psychological attributes, between generations.