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Which of the following phenomena can be explained by the simple comparative advantage theory?
World Stratification
This term describes the hierarchical layering of countries, often based on economic status, such as developed, developing, and underdeveloped, highlighting global inequalities.
Economic Development
The process of improving the economic well-being and quality of life for a community or country by increasing income, reducing poverty, and managing sustainable growth.
Fertility Rates
The average number of children that would be born to a woman over her lifetime, given current birth rates.
Core Countries
Nations that dominate trade, control the most advanced technologies, and have high levels of productivity within diversified economies.
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