A Nation Can Develop a _______ If It Can Supply

question 4

Multiple Choice

A nation can develop a _______ if it can supply its products more efficiently and at a lower price than it can supply other goods,compared with the outputs of other countries.

• A)tariff
• B)quota
• C)trade restriction
• D)comparative advantage

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Definitions:

Year 2

Typically refers to the second year of a specified period, often used in financial analysis to compare annual performance or growth.

Average Sale Period

The average time taken to sell a product or service, typically calculated over a specific time frame.

Inventory Turnover

A metric indicating the number of times a company has sold and replaced inventory over a given period; it measures the efficiency of inventory management.

Inventory Turnover

A proportion illustrating the rate at which a firm's inventory cycles through sales and replacement in a given period, reflecting on the proficiency of inventory control.