Which of the Following Statements Is True Regarding Comparative Advantage

question 30

Multiple Choice

Which of the following statements is true regarding comparative advantage?

• A)Comparative advantage is becoming rare these days.
• B)Ensuring that its people are well educated is another way a nation can develop a comparative advantage in skilled human resources.
• C)Developing countries possess no comparative advantage.
• D)A nation must first possess an absolute advantage in a particular area before it can gain a comparative advantage.

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