Transferable Comparative Advantages Are

question 7

Multiple Choice

Transferable comparative advantages are:

• A) based on factors that are relatively unchangeable.
• B) based on factors that can change relatively easily.
• C) becoming more like inherent comparative advantages with technological innovations.
• D) rarely eroded over time.

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Definitions:

Absence

The state of something being not present or lacking.

Double Coincidence

A condition in barter systems where two parties each possess an item the other wants, facilitating a direct exchange without the need for a common currency.

Different Products

Varieties of goods and services that are distinct in quality, features, or branding, catering to diverse consumer needs.

Barter

A system of exchange where goods or services are traded directly for other goods or services without the use of money.