The Text Mentions 10 Sources of U

question 37

Multiple Choice

The text mentions 10 sources of U.S. comparative advantage. Which of the following is not one of them?

• A) Relatively open immigration laws
• B) Religious diversity
• C) Skills of the U.S. labor force
• D) A large stock of intellectual property rights

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Definitions:

Inward-Oriented Policies

Economic strategies focusing on protecting domestic industries from foreign competition through tariffs and import quotas.

Outward-Oriented Policies

Economic policies aimed at promoting international trade by reducing trade barriers and embracing globalization to stimulate economic growth.

Growth

The increase in the economic output and productivity of a country, measured by its Gross Domestic Product (GDP) over time.

Factors Of Production

The inputs used to produce goods and services