Which of the Following Countries Most Likely Has a Comparative

question 111

Multiple Choice

Which of the following countries most likely has a comparative advantage?

• A) A South American country that produces more coffee compared to an Asian country despite having equal resources
• B) An Asian country that manufactures more textile products than most countries by decreasing its production of tea
• C) An Asian country that produces quality automobiles with little opportunity cost compared to other countries
• D) A North American country that expands its trade relations to a neighboring country to share resources

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Definitions:

Time Utility

The increase in the value of a product or service provided by making it available at a convenient time for the consumer.

Market-product Grid

A framework used to analyze and display the relationship between different markets and the products a company offers.

Target Market Segments

Describes specific groups of potential customers separated based on distinct characteristics, needs, or preferences to which a company aims its marketing efforts.

Product Groupings

The categorization of various products into distinct groups based on similarities, such as function or target market.